Gift economy

A gift economy or gift culture is a system of exchange where valuables are not sold, but rather given without an explicit agreement for immediate or future rewards.[1] Social norms and customs govern giving a gift in a gift culture; although there is some expectation of reciprocity, gifts are not given in an explicit exchange of goods or services for money, or some other commodity or service.[2] This contrasts with a barter economy or a market economy, where goods and services are primarily explicitly exchanged for value received.

The nature of gift economies is the subject of a foundational debate in anthropology. Anthropological research into gift economies began with Bronisław Malinowski's description of the Kula ring[3] in the Trobriand Islands during World War I.[4] The Kula trade appeared to be gift-like since Trobrianders would travel great distances over dangerous seas to give what were considered valuable objects without any guarantee of a return. Malinowski's debate with the French anthropologist Marcel Mauss quickly established the complexity of "gift exchange" and introduced a series of technical terms such as reciprocity, inalienable possessions, and presentation to distinguish between the different forms of exchange.[5][6]

According to anthropologists Maurice Bloch and Jonathan Parry, it is the unsettled relationship between market and non-market exchange that attracts the most attention. Some authors argue that gift economies build community,[7] while markets harm community relationships.[8]

Gift exchange is distinguished from other forms of exchange by a number of principles, such as the form of property rights governing the articles exchanged; whether gifting forms a distinct "sphere of exchange" that can be characterized as an "economic system"; and the character of the social relationship that the gift exchange establishes. Gift ideology in highly commercialized societies differs from the "prestations" typical of non-market societies. Gift economies also differ from related phenomena, such as common property regimes and the exchange of non-commodified labour.

  1. ^ Cheal, David J (1988). "1". The Gift Economy. New York: Routledge. pp. 1–19. ISBN 0415006414. Retrieved 2009-06-18.
  2. ^ R. Kranton: Reciprocal exchange: a self-sustaining system, American Economic Review, V. 86 (1996), Issue 4 (September), pp. 830–851
  3. ^ Malinowski, Bronislaw (1922). Argonauts of the Western Pacific. London.{{cite book}}: CS1 maint: location missing publisher (link)
  4. ^ Keesing, Roger; Strathern, Andrew (1988). Cultural Anthropology. A Contemporary Perspective. Fort Worth: Harcourt Brace and Company. p. 165.
  5. ^ Cite error: The named reference Mauss was invoked but never defined (see the help page).
  6. ^ Cite error: The named reference Weiner was invoked but never defined (see the help page).
  7. ^ Bollier, David. "The Stubborn Vitality of the Gift Economy." Silent Theft: The Private Plunder of Our Common Wealth. First Printing ed. New York: Routledge, 2002. 38–39[ISBN missing].
  8. ^ J. Parry, M. Bloch (1989). "Introduction" in Money and the Morality of Exchange. Cambridge: Cambridge University Press. pp. 8–12.