Economics Without Numbers: Gift Exchange and Burning Man

These flashcards cover key vocabulary related to the concepts of gift exchange and the Burning Man festival as discussed in the lecture.

Gift Exchange

An anthropological concept involving the transfer of goods and services without the intention of immediate reciprocation.

Potlach Ceremony

A Native American ceremony involving feasting, dancing, and gift exchange, primarily among West Coast tribes.

Kula Exchange System

A ceremonial exchange system practiced in the Melanesian islands, where participants give and receive gifts in a set manner.

Pure Gift

A gift that is given freely with no expectation of reciprocation.

Black Rock City

The temporary city constructed for the Burning Man festival, known for its sculptures and installations.

Burning Man

An annual event held in the Black Rock Desert, characterized by art, self-expression, and community.

Renegade Version

An alternative format of the Burning Man event that took place during the COVID-19 pandemic.

Sustainability Measures

Strategies implemented to ensure the long-term viability and manage the environmental impact of Burning Man.

Cultural Phenomenon

A notable event or activity that significantly influences or reflects the culture and social dynamics of society.

Admission Fee

The cost required to attend an event, such as the Burning Man festival, which has varied over the years.