ANTH 2 Lecture 14: Anthro 2
Document Summary
Market exchange: "invisible hand"; most successful for streaming value & making wealth. Production & redistribution of goods shaped by non-market social institutions (state, religious beliefs & kinship relations) Formalists thought people confront limited means & unlimited ends (wants) so they make rational decisions that are appropriate to satisfaction they desire. Marxism: division of labor proceed inequality & conflict. Cultural economics: understand from local beliefs & cultural models from native"s pov. Gift exchange establishes social status, reaffirms relationships & gives people access to goods. Gift exchanges deeply embedded in social relations of every society, can transform impersonal commodities into personal gifts, and invest symbolic meaning in things we give, receive & consume (cid:862)chiefs(cid:863) ma(cid:396)(cid:448)i(cid:374) ha(cid:396)(cid:396)is. No need for a paramount chief bc not many people lived in village so everyone knew each other i(cid:374)ti(cid:373)atel(cid:455) e(cid:454)pe(cid:272)tatio(cid:374) of taki(cid:374)g & expectation of giving. Kids do(cid:374)"t pa(cid:455) $ fo(cid:396) eati(cid:374)g at ho(cid:373)e a(cid:374)d (cid:449)i(cid:448)es do(cid:374)"t (cid:271)ill hus(cid:271)a(cid:374)ds fo(cid:396) (cid:272)ooki(cid:374)g a (cid:373)eal just sa(cid:455) tha(cid:374)ks.
