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In the early 1990s, American social economist James D. Montgomery contributed to economic theories of network structures in labor market. In 1991, Montgomery incorporated network structures in an adverse selection model to analyze the effects of social networks on labor market outcomes. In 1992, Montgomery explored the role of “weak ties”, which he defined as non-frequent and transitory social relations, in labor market. He demonstrates that weak ties are positively related to higher wages and higher aggregate employment rates.
Read more about this topic: Interpersonal Ties
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“Experiences in order to be educative must lead out into an expanding world of subject matter, a subject matter of facts or information and of ideas. This condition is satisfied only as the educator views teaching and learning as a continuous process of reconstruction of experience.”
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