Why are we obsessed with calculating our selections? The author
argues that competitive trade nurtures calculative reason, which
provides the ground for most discourses on economy. But market
descriptions of economy are incomplete. Drawing on a range of
materials from small ethnographic contexts to global financial
markets, the author shows that economy is dialectically made up of
two value realms, termed mutuality and impersonal trade. One or the
other may be dominant; however, market reason usually cascades into
and debases the mutuality on which it depends. Using this
cross-cultural model, the author explores mystifications of
economic life, and explains how capital and derivatives can control
an economy. The book offers a different conception of economic
welfare, development, and freedom; it presents an approach for
dealing with environmental devastation, and explains the growing
inequalities of wealth within and between nations.
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