Economic Anthropology

Has the revolution that led from the economy of the gift, characteristic of most precapitalist societies, to the economy of modern societies been accomplished in all spheres of life, as tacitly assumed by those who claim to apply the model of the profit-optimizing agent to every practice - to art, to education and even to marriage, seen as an exchange of economic services of production and reproduction? And is it totally accomplished even at the heart of the sphere most directly concerned with economic activity - the world of business? These and many other questions are absent from the dominant economic theories, which fail to take account of the economic and social conditions under which economic agents and their universe arise. In his lectures at the Coll?ge de France in 1987-89, Pierre Bourdieu laid bare the assumptions of the imaginary anthropology that underlies economics in its dominant form and put forward an alternative view. He replaced the notion of a pure and perfect market with the notion of an economic field structured by the unequal distribution of different forms of capital and by relations of force and symbolic struggle. He replaced homo economicus - that sovereign individual with no qualities or qualifications other than a capacity for rational calculation - with an agent endowed with enduring dispositions, fashioned by social background and experience, both individual and collective. And thus, without having to appeal to a perfectly lucid calculating mind or to the logic of bounded rationality, he was able to account for the alignment of subjective expectations and objective opportunities that confers on the great majority of economic behaviour its 'reasonable' character. Bourdieu's trenchant critique of dominant economic thought and his development of an alternative way of understanding economic activity, rooted in his notion of field and his theory of practice, will be of great interest to students and scholars in anthropology, sociology, economics and throughout the social sciences and humanities.

Has the revolution that led from the economy of the gift, characteristic of most precapitalist societies, to the economy of modern societies been accomplished in all spheres of life, as tacitly assumed by those who claim to apply the model of the profit-optimizing agent to every practice - to art, to education and even to marriage, seen as an exchange of economic services of production and reproduction? And is it totally accomplished even at the heart of the sphere most directly concerned with economic activity - the world of business? These and many other questions are absent from the dominant economic theories, which fail to take account of the economic and social conditions under which economic agents and their universe arise. In his lectures at the Coll?ge de France in 1987-89, Pierre Bourdieu laid bare the assumptions of the imaginary anthropology that underlies economics in its dominant form and put forward an alternative view. He replaced the notion of a pure and perfect market with the notion of an economic field structured by the unequal distribution of different forms of capital and by relations of force and symbolic struggle. He replaced homo economicus - that sovereign individual with no qualities or qualifications other than a capacity for rational calculation - with an agent endowed with enduring dispositions, fashioned by social background and experience, both individual and collective. And thus, without having to appeal to a perfectly lucid calculating mind or to the logic of bounded rationality, he was able to account for the alignment of subjective expectations and objective opportunities that confers on the great majority of economic behaviour its 'reasonable' character. Bourdieu's trenchant critique of dominant economic thought and his development of an alternative way of understanding economic activity, rooted in his notion of field and his theory of practice, will be of great interest to students and scholars in anthropology, sociology, economics and throughout the social sciences and humanities.

This book is a new introduction to the history and practice of economic anthropology by two leading authors in the field. They show that anthropologists have contributed to understanding the three great questions of modern economic history: development, socialism and one-world capitalism. In doing so, they connect economic anthropology to its roots in Western philosophy, social theory and world history. Up to the Second World War anthropologists tried and failed to interest economists in their exotic findings. They then launched a vigorous debate over whether an approach taken from economics was appropriate to the study of non-industrial economies. Since the 1970s, they have developed a critique of capitalism based on studying it at home as well as abroad. The authors aim to rejuvenate economic anthropology as a humanistic project at a time when the global financial crisis has undermined confidence in free market economics. They argue for the continued relevance of predecessors such as Marcel Mauss and Karl Polanyi, while offering an incisive review of recent work in this field. Economic Anthropology is an excellent introduction for social science students at all levels, and it presents general readers with a challenging perspective on the world economy today. Selected by Choice as a 2013 Outstanding Academic Title

This book is a new introduction to the history and practice of economic anthropology by two leading authors in the field. They show that anthropologists have contributed to understanding the three great questions of modern economic history: development, socialism and one-world capitalism. In doing so, they connect economic anthropology to its roots in Western philosophy, social theory and world history. Up to the Second World War anthropologists tried and failed to interest economists in their exotic findings. They then launched a vigorous debate over whether an approach taken from economics was appropriate to the study of non-industrial economies. Since the 1970s, they have developed a critique of capitalism based on studying it at home as well as abroad. The authors aim to rejuvenate economic anthropology as a humanistic project at a time when the global financial crisis has undermined confidence in free market economics. They argue for the continued relevance of predecessors such as Marcel Mauss and Karl Polanyi, while offering an incisive review of recent work in this field. Economic Anthropology is an excellent introduction for social science students at all levels, and it presents general readers with a challenging perspective on the world economy today. Selected by Choice as a 2013 Outstanding Academic Title