ANTH 010 Lecture Notes - Lecture 7: Commodity Fetishism

• School: College of The Sequoias
• Department: Anthropology (ANTH)
• Course: ANTH 010
• Professor: Gaddis

Document Summary

Economics: human activity through the acquisition of things. Market transactions: the acquisition of things through the exchange of money for commodities and labor (u. s. ) organizes exchange formation of relationships between people. Laws of supply and demand influence the amount we pay to acquire commodities and how we are paid in wages for the labor to produce the commodity. Commodity fetishism: examines that customers do not usually think about the labor that was needed to produce the commodity, only the commodity and its price (marx) Markets are the major component of the capitalist mode of production. With the rise of urbanization and industrialization (capitalism) during the 18th century in. Europe more people left small farming communities to live and work in the cities (more opportunity) Cultural importance of kinship increases and decreases at the same time. Kinship has a reduced role in politics, economics, religion, but in the one place it remains it takes on a greater meaning.