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32 Cards in this Set
- Front
- Back
blat |
the give and take of favors among personal contacts to obtain hard to find goods and services |
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econ anthropology |
the study of how people make, share, and buy things and services. study the decisions people make about earning a living, what they do , when they work, and the social institutions that affect these activities and how these three matters to the creation of value |
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econ systems |
the structured patterns and relations through which people exchange goods and services |
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divison of labor |
the cooperative organization of work into specialized tasks and roles |
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neoclassical |
the economy is a division of labor and the exchange of goods and services in a market |
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substantivism |
the economy is the substance of the actual transactions people engage in to get what they need and want |
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marxism |
capitalism, which is a type of economic system in which private ownership of the means of production and a division of labor produce death for a few and inequality for the mass |
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cultural econ |
the economy is a category of culture, not a special arena governed by universal economic rationality |
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exchange |
the transfer of objects and services between social actors |
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market |
a social institution in which people come together to buy and sell goods or services |
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neoclassical econ |
studies how people make decisions to allocate resources like time, labor, and money in order to maximize their personal satisfaction |
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formal econ |
the underlying "formal" logic that shapes peoples actions when they participate in an economy (seen in members of the neoclassical theory) |
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substantive econ |
daily transactions people engage in to get what they need or desire |
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redistribution |
collection of goods in a community and then redivision of those goods among members |
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surplus value |
the difference between what people produce and what they need to survive |
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means of production |
the machines and infrastructure required to produce a product (basis of private wealth) |
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prestige econ
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econ in which people seek high social rank, prestige, and power instead of money and material wealth |
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money |
object or substance that serves as payment for a good or service |
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currency |
an object used as a medium of exchange |
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general purpose money |
money that can be used o buy almost anything |
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limited purpose money |
objects that can be exchanged only for certain things |
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spheres of exchange |
bounded orders of value in which certain goods can be exchanged only for others (subsistence goods, prestige goods, and rights in people -women and slaves") |
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transactional orders |
realms of transactions a community uses, each with its own set of symbolic meanings and moral assumptions |
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reciprocity |
the give and take that builds and confirms relationships |
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delayed reciprocity |
long lag time between giving and receiving |
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generalized reciprocity |
giving something without the expectation of return |
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balanced reciprocity |
person gives something expecting a return of an equal gift |
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negative reciprocity |
receiving for nothing (barter) |
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commodities |
mass produced and impersonal goods with not meaning or history apart from themselves |
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consumption |
the act of using and assigning meaning to a good, service, or relationship |
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appropriation |
process of taking possession of an object |
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consumers |
people who live through objects and images not of their own making |