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.

According to accepted wisdom, rational practices and ritual action are opposed. Rituals drain wealth from capital investment and draw on a mode of thought different from practical ideas. The studies in this volume contest this view. Comparative, historical, and contemporary, the six ethnographies extend from Macedonia to Kyrgyzstan. Each one illuminates the economic and ritual changes in an area as it emerged from socialism and (re-)entered market society. Cutting against the idea that economy only means markets and that market action exhausts the meaning of economy, the studies show that much of what is critical for a people's economic life takes place outside markets and hinges on ritual, understood as the negation of the everyday world of economising.

As the transition from socialism to a market economy gathered speed in the early 1990s, many people proclaimed the final success of capitalism as a practice and neoliberal economics as its accompanying science. But with the uneven achievements of the "transition"-the deepening problems of "development," persistent unemployment, the widening of the wealth gap, and expressions of resistance-the discipline of economics is no longer seen as a mirror of reality or as a unified science. How should we understand economics and, more broadly, the organization and disorganization of material life? In this book, international scholars from anthropology and economics adopt a rhetorical perspective in order to make sense of material life and the theories about it. Re-examining central problems in the two fields and using ethnographic and historical examples, they explore the intersections between these disciplines, contrast their methods and epistemologies, and show how a rhetorical approach offers a new mode of analysis while drawing on established contributions.

Bridging a gap between macro- and micro- viewpoints, the work shows the ways in which an economy is socially and historically determined. Subsistence is shown to be not only a form of agriculture but a determinant economic organisation and particular attention is paid to the problem of understanding patterns of distribution and the constitution of the surplus in the peasant economy.
First published in 1978.

Representing a departure from traditional studies of social organisation, the book asserts that a kinship system is best understood as a system of concepts rather than as a set of empirical relationships. Three aspects of life in the Panamanian community of Los Boquerones are described First published in 1976.

Self-sufficiency of the house is practiced in many parts of the world but ignored in economic theory, just as socialist collectivization is assumed to have brought household self-sufficiency to an end. The ideals of self-sufficiency, however, continue to shape economic activity in a wide range of postsocialist settings. This volume's six comparative studies of postsocialist villages in Eastern Europe and Asia illuminate the enduring importance of the house economy, which is based not on the market but on the order of the house. These formations show that economies depend not only on the macro institutions of markets and states but also on the micro institutions of families, communities, and house economies, often in an uneasy relationship.

Economic anthropologists carry out research in all parts of the globe, producing ethnographic studies, cross-cultural comparisons and theoretical works. They explore how growing markets, new technologies and expanding capital affect marginalised people or the control of wealth between genders. The empirical studies of economic anthropologists are based on participation and observation and provide an information bank for testing formal theories. Their findings often challenge prevailing concepts of modern economics, because much of their collected information falls outside accepted paradigms or schemes. In this important collection, Stephen Gudeman has selected a range of seminal papers which highlight differences and convergence between anthropologists and economists, and which trace the major developments in economic anthropology from 1922 to the present day. The articles draw on the anthropological notions of culture and context, and examine economic processes such as production, exchange and consumption, and the application of theories, such as Marxist, institutionalist and neoclassical explanations, to field data. This authoritative volume will be an essential reference source for both economists and anthropologists.

Self-sufficiency of the house is practiced in many parts of the world but ignored in economic theory, just as socialist collectivization is assumed to have brought household self-sufficiency to an end. The ideals of self-sufficiency, however, continue to shape economic activity in a wide range of postsocialist settings. This volume's six comparative studies of postsocialist villages in Eastern Europe and Asia illuminate the enduring importance of the house economy, which is based not on the market but on the order of the house. These formations show that economies depend not only on the macro institutions of markets and states but also on the micro institutions of families, communities, and house economies, often in an uneasy relationship.

One of the world's top anthropologists recounts his formative experiences doing fieldwork in this accessible memoir ideal for anyone interested in anthropology. Drawing on his research in five Latin American countries, Steve Gudeman describes his anthropological fieldwork, bringing to life the excitement of gaining an understanding of the practices and ideas of others as well as the frustrations. He weaves into the text some of his findings as well as reflections on his own background that led to better fieldwork but also led him astray. This readable account, shorn of technical words, complicated concepts, and abstract ideas shows the reader what it is to be an anthropologist enquiring and responding to the unexpected. From the Preface: Growing up I learned about making do when my family was putting together a dinner from leftovers or I was constructing something with my father. In fieldwork I saw people making do as they worked in the fields, repaired a tool, assembled a meal or made something for sale. Much later, I realized that making do captures some of my fieldwork practices and their presentation in this book.

Representing a departure from traditional studies of social organisation, the book asserts that a kinship system is best understood as a system of concepts rather than as a set of empirical relationships. Three aspects of life in the Panamanian community of Los Boquerones are described First published in 1976.

As the transition from socialism to a market economy gathered speed in the early 1990s, many people proclaimed the final success of capitalism as a practice and neoliberal economics as its accompanying science. But with the uneven achievements of the "transition"-the deepening problems of "development," persistent unemployment, the widening of the wealth gap, and expressions of resistance-the discipline of economics is no longer seen as a mirror of reality or as a unified science. How should we understand economics and, more broadly, the organization and disorganization of material life? In this book, international scholars from anthropology and economics adopt a rhetorical perspective in order to make sense of material life and the theories about it. Re-examining central problems in the two fields and using ethnographic and historical examples, they explore the intersections between these disciplines, contrast their methods and epistemologies, and show how a rhetorical approach offers a new mode of analysis while drawing on established contributions.

According to accepted wisdom, rational practices and ritual action are opposed. Rituals drain wealth from capital investment and draw on a mode of thought different from practical ideas. The studies in this volume contest this view. Comparative, historical, and contemporary, the six ethnographies extend from Macedonia to Kyrgyzstan. Each one illuminates the economic and ritual changes in an area as it emerged from socialism and (re-)entered market society. Cutting against the idea that economy only means markets and that market action exhausts the meaning of economy, the studies show that much of what is critical for a people's economic life takes place outside markets and hinges on ritual, understood as the negation of the everyday world of economising.

One of the world's top anthropologists recounts his formative experiences doing fieldwork in this accessible memoir ideal for anyone interested in anthropology. Drawing on his research in five Latin American countries, Steve Gudeman describes his anthropological fieldwork, bringing to life the excitement of gaining an understanding of the practices and ideas of others as well as the frustrations. He weaves into the text some of his findings as well as reflections on his own background that led to better fieldwork but also led him astray. This readable account, shorn of technical words, complicated concepts, and abstract ideas shows the reader what it is to be an anthropologist enquiring and responding to the unexpected. From the Preface: Growing up I learned about making do when my family was putting together a dinner from leftovers or I was constructing something with my father. In fieldwork I saw people making do as they worked in the fields, repaired a tool, assembled a meal or made something for sale. Much later, I realized that making do captures some of my fieldwork practices and their presentation in this book.

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.

Bridging a gap between macro- and micro- viewpoints, the work shows the ways in which an economy is socially and historically determined. Subsistence is shown to be not only a form of agriculture but a determinant economic organisation and particular attention is paid to the problem of understanding patterns of distribution and the constitution of the surplus in the peasant economy. First published in 1978.

Comparative and critical, Anthropology and Economy offers a uniquely cross-cultural view of economy. Using examples from market and non-market situations, the book shows how economies are built on five increasingly abstract spheres, from the house to community, commerce, finance, and meta-finance. Across these spheres, economy incorporates a tension between self-interested rationality and the mutuality of social relationships. Even when rational processes predominate, as in markets, economies rely on sociability and ritual to operate, whether as cronyism, pleas to divinities or the magical persuasions of advertising. Drawing on data and concepts from anthropology and economics, the book addresses wealth inequality, resource depletion, and environmental devastation especially in capitalism, providing an understanding of their persistence and ideas for controlling them. Given the recent financial crash, Gudeman offers a different understanding of the crisis and suggestions for achieving greater economic stability.

Drawing upon their joint fieldwork, the authors cast this book as a conversation involving themselves, a Colombian rural people, and the writings of past economists. In their view, the material practices of the rural folk constitute a house model of the economy, and the Colombian voices provide a window on prior European fold conversations about the house. The house and the corporation have been the principal modes of material organization in Western life: the former is older, but the latter now predominates. The authors suggest, through use of the Colombian conversations, that textualists of the past transformed and inscribed similar folk voices for their emerging theories of the corporation and the market. They argue that economic knowledge is not simply the product of a scientific community but is often appropriated from folk practices. By situating the knowledge gained from fieldwork within their own traditions, and by using that knowledge to reflect upon the origins of contemporary wisdom, the book implicates the modern-day ethnographer, rural folk, and economist as participants in a long conversation.

Comparative and critical, Anthropology and Economy offers a uniquely cross-cultural view of economy. Using examples from market and non-market situations, the book shows how economies are built on five increasingly abstract spheres, from the house to community, commerce, finance, and meta-finance. Across these spheres, economy incorporates a tension between self-interested rationality and the mutuality of social relationships. Even when rational processes predominate, as in markets, economies rely on sociability and ritual to operate, whether as cronyism, pleas to divinities or the magical persuasions of advertising. Drawing on data and concepts from anthropology and economics, the book addresses wealth inequality, resource depletion, and environmental devastation especially in capitalism, providing an understanding of their persistence and ideas for controlling them. Given the recent financial crash, Gudeman offers a different understanding of the crisis and suggestions for achieving greater economic stability.