Economic Action and Social Structure: the Problem of Embeddedness

2002. Vol. 3. No. 3. P. 44–58 [issue contents]

The paper deals with the problem of embeddedness of economic behavior in the social relations. This part of the text contains the theoretical definitions of embeddedness. The author analyzes over- and half-socialized concepts of human action in sociology and in economics. The issues of trust and fraud in economic life are in the focus.

Citation: Granovetter Mark (2002) Ekonomicheskoe deystvie i sotsial'naya struktura: problema ukorenennosti [Economic Action and Social Structure: the Problem of Embeddedness ] Economic Sociology, 3, pp. 44-58 (in Russian)

Keywords: trust; embeddedness; economic behavior; oversocialized and undersocialized concept of economic action; fraud

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National Research University Higher School of Economics (HSE)


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Mark Granovetter

Economic Action and Social Structure: the Problem of Embeddedness