<u>Social Exchange</u> is to one's current partner as <u>Equity</u> is to a possible future partner.
The main theory of social interaction in the social sciences is called social exchange theory. Emerson, Homans, and Blau were the main theorists who created the initial theories of social trade. Extension of their research into the study of power and dependency, social networks, reciprocity, fairness, social cohesion, and solidarity are some of the theoretical and empirical advancements.
As equity is to a potential future partner, social exchange is to one's current relationship. Research on social capital, particularly work on networks, norms, and trust, has clear connections to the social exchange work done in sociology. Cook, Friedkin, Lawler, Molm, Willer, Yamagishi.
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