Embedded noun definition

Chinese name: embeddability English name: Embeddability Definition discipline: Mechanical engineering (first-class discipline); Mechanical part (two disciplines); Sliding bearing (third-level discipline)

"Embedding" theory is the core theory of new economic sociology. Polanyi put forward the concept of "embeddedness" for the first time in the book Great Change, and applied this concept to economic theoretical analysis. He believes that "human economy is embedded and entangled in economic and non-economic systems, including non-economic systems is extremely important" and "economy, as an institutional process, is embedded in economic and non-economic systems". He proposed that reciprocity, redistribution and exchange have different embedded forms in different institutional environments; In the non-market economy before the industrial revolution, the market exchange mechanism has not yet occupied a dominant position, and economic life is mainly embedded in the social and cultural structure in the form of reciprocity or redistribution; However, in the market economy after the industrial revolution, economic activities are only determined by market prices, and people act in the way of maximizing monetary returns in this market. At this time, the economic system is "detached", that is, it is no longer affected by the social and cultural structure.