MIDTERM 2 Flashcards
(121 cards)
the academic discipline that studies systems of production, distribution, and consumption, typically in the industrial world
economics
assumptions about economic behaviour based on the experience of western industrialized economies
formal economic theory
why is economics important for people
critical to human survival, faced with common challenges in closing and feeding their populations- must allocate resources
Classic economic theory assumes:
with supply and demand, individual act rationally, by economizing to maximize their utility (relationships built on exchange)
what does comparative data in anthropology show?
that people frequently respond to motivations other than profit
Highly influential economic anthropologist, historian & philosopher (1886-1964)
Karl Polanyi
Karl Polanyi divided economics into 3 types according to the dominant mode of distribution:
- Reciprocity - return of gift
- Redistribution
- Market
the return/ exchange of a gift
reciprocity
collection from members of a group and then redistribution within this group (2 examples)
redistribution
ex, tribute and taxes
involves money and profit
Market
a society’s economy consists of 3 things:
- production
- Distribution/ exchange
- consumption
The heart of social and cultural organization
patterns of exchange and circulation
what are the 6 questions involved in patterns of exchange and circulation?
who, what, where (significance of place), when (what occasion?), why (social reasons), how (ceremony, mechanisms)
example of an exchange item in a tribe
Raffia cloth ( men needed in order to have permission from older men in tribe to marry
the act of giving or taking one thing in return for another
exchange
according to Marcel Mauss, _______ create relationships not only between individuals but between groups, relationships which take the form of “total prestations”
Gifts
Meanings attributed to gifts (8)
- class
- social mobility
- matrimony
- patronage
- employment
- manufacturing processes
- issues of style
- conventions of gift-giving
Mauss points to 3 obligations of reasons for exchange
- to give
- to receive
- to reciprocate
Who said “if friends make gifts, then gifts makes friends”
Marcel Mauss
why are obligations kept when gift giving is involved?
both sides benefit for giving and receiving
what is the principle of reciprocity?
an equivalent return is expected, the creation of an unequal relationship until a return gift is made maintains the relationship
an example of reciprocity
the Nuer and cattle (Relationship with and to cattle also linked to nuer understanding of religion, kinship, and economic and social structure)
what are the 3 types of reciprocity exchanges between social equals?
- generalized
- balanced
- negative
the practice of giving a gift without expecting a gift in return; creates a moral obligation
Generalized reciprocity