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Functionalism Revisited: A practice based Functionalism
Unformatted Document Text:  Functionalism Revisited 16 He cleverly points out that even though these two differ in terms of “order of action,” they share the same concept about an individual – that is, whether through monotonous internalization or through individualistic rationalized decision, both assume individuals are not concerned about the presence of others; and argues that it is the ongoing relations that generate “regularized expectations” between two parties in economic transactions (or actions in general Granovetter, 1992, p.42). Such social embeddedness has relational and structural embeddedness, and the historicity of dyadic relations between individuals bears on the general nature of individual actions. The overall configuration of relations also influences the patterns of actions and outcomes. These, in turn, result in general social and economic institution (Figure 1. A B C Rel. ab Rel. ac Rel. bc Actions have regularized characteristics from the historicityof and configuration of the relationships. A B C Rel. ab Rel. ac Rel. bc Actions have regularized characteristics from the historicityof and configuration of the relationships. ).

Authors: Kim, Hyo.
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Functionalism Revisited 16
He cleverly points out that even though these two differ in terms of “order of action,” they share the same
concept about an individual – that is, whether through monotonous internalization or through
individualistic rationalized decision, both assume individuals are not concerned about the presence of
others; and argues that it is the ongoing relations that generate “regularized expectations” between two
parties in economic transactions (or actions in general Granovetter, 1992, p.42). Such social
embeddedness has relational and structural embeddedness, and the historicity of dyadic relations between
individuals bears on the general nature of individual actions. The overall configuration of relations also
influences the patterns of actions and outcomes. These, in turn, result in general social and economic
institution (Figure 1.
A
B
C
Rel.
ab
Rel.
ac
Rel.
bc
Actions have regularized characteristics from the historicity
of and configuration of the relationships.
A
B
C
Rel.
ab
Rel.
ac
Rel.
bc
Actions have regularized characteristics from the historicity
of and configuration of the relationships.
).


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