Exchange Theory

Definition of Exchange Theory

The Canada social science dictionary [1] provides the following meaning of Exchange Theory: A theory associated with the work of George Homans and Peter Blau and built on the assumption that all human relationships can be understood in terms of an exchange of roughly equivalent values. These exchanges are seldom monetary, rather they are frequently intangibles like intimacy, status, connections.

Exchange Theory: Resources

Notes and References

• Drislane, R., & Parkinson, G. (2016). (Concept of) Exchange Theory. Online dictionary of the social sciences. Open University of Canada