ANTH 02202 Lecture Notes - Lecture 3: Economic System, List Of Domesticated Animals, Economic Capital

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Economic capital: money, house, land, farm animals. Use to measure value: durable, portable, divisible, recognizable, fungible (interchangeable) Informal: unofficial, avoiding taxing, illegal (working under the table,drugs) Modes of exchange: dominant way in a culture of transferring goods, services and other items b/t and among people and groups or institutions. Involves the least conscious sense of interest gain or of what might be received in return. Main form of exchange in foraging socities. Also found among close kin and friends cross-culturally. A pure gift is an extreme form. Exchange of approx. equally value goods and services b/t people of roughly equal social status. If a party fails to complete the exchange, the relationship will break dwon. 1 person collects goods/money from members of group and provides social return later. Possible inequality b/c what is returned not always equal in a material sense. Based on using food available in nature. Today only 250,000 people support themselves foraging.

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