Chapter 7 Worksheet

Chapter 7 Worksheet - feel an obligation to satisfy others...

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Chapter 7 Worksheet Name: Joshua Singer TA and section: Rosemary 1) Think of at least seven very different ways that that the economy intertwines with our lives and the decisions we make in life. Please list these. Transportation, food, social class, career, hobbies, appliances, friends 2) Can the economies of the Bushmen and the Himba be properly compared with ours? Or does Polanyi have a point that market economies and “primitive” economies are actually too different to be compared? Why or why not? Polanyi has a point; market economies and “primitive” economies are too different to be compared because their economies are based on completely different factors. 3) Why do we human beings spend a fair amount of our time involved in “gift exchange?” Listseveral examples from the Bushmen and the Himba, as well as at least four from your own life. Are there always “strings” attached? Why or why not? People spend a fair amount of our time involved in “gift exchange” because we
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Unformatted text preview: feel an obligation to satisfy others wants by making them happy. There are strings attached; part of the reason people give gifts is because they think they will receive gifts in return. In my life I give gifts on father’s day, Christmas, Birthdays, and Valentine’s Day. Like my life the Bushmen gave rare European bread to one another because people enjoy making one another happy. 4) Even though in modern industrial/post-industrial societies we can be characterized as being economically obsessed, is it true of other societies? Why or why not? Is it actually true of us? It is true of all societies; societies revolve around how the economy is doing. People become obsessed with the economy because if it is doing well then it is easier to live life so they do everything they can to improve it. 5) Are most of our financial transactions “economically rational?” Why or why not, and what does this mean?...
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