Posts tagged "gifteconomy"

In gift economies exchanges do not have the impersonal qualities of the capitalist marketplace

In gift economies, Mauss argued, exchanges do not have the impersonal qualities of the capitalist marketplace: In fact, even when objects of great value change hands, what really matters is the relations between the people; exchange is about creating friendships, or working out rivalries, or obligations, and only incidentally about moving around valuable goods.

As a result everything becomes personally charged, even property: In gift economies, the most famous objects of wealth - heirloom necklaces, weapons, feather cloaks – always seem to develop personalities of their own.

David Graeber on MAUSS.

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