Old Traditional Economy

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Presentation transcript:

Old Traditional Economy Origins associated with family evolution and religion K.Polanyi and the issue of embeddedness Typology of traditional economies

Origins Nature and the natural division of labor Tradition and simple reporduction Religion Primitive communism

Polanyi and non-market economies Economic determinism Embeddedness and socio-cultural traits Rational behavior and incentives Homo oeconomicus.

Typology Household Economy and self-sufficiency Reciprocal Economy/primitive exchange general reciprocity balanced reciprocity negative reciprocity Redistributive economy: oriental despotism

Tradition and Market Schools of economic anthropology Formalism and substantivism convergence argument majority of decision-making Particularism Evolutionism Marxism