Analysis of peter blau's exchange theory

How Blau?s Exchange Theory is Applied to Both Levels of Sociological Theory The endeavor of shifting a micro-sociological theory into the realm of a macro-sociological view of society requires ambition, empirical evidence, and clarity. Peter Blau makes this attempt in his essential work, ?Exchange and Power in Social Life.? Blau manages to accomplish the three requirements for such a task with the exception clarity. This writing hopes to fill this void of clarity with …

…social equilibrium. Whether it is the equilibrium needed to sustain a friendship, or the equilibrium needed to control power and subordination amongst groups, Blau argues that the notion of equilibrium is present in all forms of exchange. Reference List Blau, Peter 1964. Exchange and Power in Social Life. Wiley. New York. Goffman, Erving. 1959. Presentation of Self in Everyday Life. Doubleday. New York. Runciman, W.G. ed. 1978. The Marx-Engels Reader. New York: W.W. Norton & Company.