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Gift-Economy

Gift-Economy

A gift-economy is an economic system where goods or services are given without any explicit agreement for immediate or future rewards. Unlike market economies, where goods or services are traded for money or other goods, in a gift-economy, the emphasis is on the social and communal relationships fostered through giving.

History and Origins

The concept of the gift-economy has roots in prehistoric times. Anthropologists like Marcel Mauss have studied ancient societies where gift-giving was not only an economic act but also a social obligation. Mauss's work, particularly his book "The Gift: Forms and Functions of Exchange in Archaic Societies," published in 1925, is pivotal in understanding this system. Here, Mauss describes how gifts are given with the expectation of reciprocity, which in turn creates bonds of kinship, alliance, and mutual support.

Characteristics

Modern Contexts

In contemporary settings, elements of gift-economy can be seen in various forms:

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