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What is economic anthropology?
Study of how people:
use resources
organize labour
distribute goods
Focus on social relationships in economics
Not just money—also culture + survival
What is social organization?
Patterned social relationships
People depend on each other to meet needs
Includes family, kinship, groups
What is the self-interested model?
People act to maximize personal gain
Rational + calculating
Egocentric (focus on self)
Linked to capitalism
What is the social model?
People act based on group relationships
Focus on community, not individual
Socio-centric
Example: sharing resources
What is the moral model?
Economic behavior shaped by cultural values
Ideas of right/wrong vary by culture
Culture influences decisions
What is generalized reciprocity?
No immediate expectation of return
Usually among close relationships
Example: parents → kids
What is balanced reciprocity?
Equal exchange expected
Within a specific time
Example: wedding gifts
What is negative reciprocity?
Trying to get more than you give
Can involve cheating/deception
Example: scams
What are the three modes of exchange?
Reciprocity
Redistribution
Market exchange
What is redistribution?
Goods collected and redistributed
Based on equality (egalitarianism)
What is market exchange?
Buying/selling with money
Based on supply & demand
Impersonal
What is a mode of production?
HOW labour is organized
What are means of production?
Tools/resources used to produce goods
Example: land, machines
What are relations of production?
Social relationships in production
Who works, who owns
What is kin-ordered production?
Based on family/kinship
Example: family farming
What is tributary production?
Producers give tribute/taxes
Example: feudal systems
What is capitalist production?
Workers sell labour for wages
Owners control production
Leads to inequality
What is consumption?
Using up resources
Not just needs—also wants
What is conspicuous consumption?
Buying things to show status
Example: luxury brands
What is invidious consumption?
uying to make others jealous
What is internal explanation?
Culture meets basic human needs
Focus on function
NOT meaning
What is external explanation?
Consumption based on environment
What resources are available
What is cultural explanation?
Consumption shaped by beliefs + values
Humans give meaning to environment