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Gifts

  • C. A. Gregory
Part of the The New Palgrave book series (NPA)

Abstract

A gift, according to the Concise Oxford Dictionary, is a ‘voluntary transference of property; thing given, present, donation’. For most economists, especially those familiar only with industrial capitalist economies, this is all that need be said on the matter: it is obvious what gift exchange is and there is nothing to be explained. The only problem the phenomenon of exchange poses for the economist is that of ‘value’ and this arises in the context of commodity exchange.

Keywords

Comparative Economy Gift Exchange Commodity Exchange Tribal Society Gift Economy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1991

Authors and Affiliations

  • C. A. Gregory

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