Gift economy
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| The concept of a gift economy stands in contrast to a [[planned economy]] or a [[market economy|market]] or [[barter economy]]. In a planned economy, goods and services are distributed by explicit command and control rather than informal custom; in barter or market economies, an explicit ''quid pro quo'' — an exchange of [[money]] or some other [[commodity]] — is established before the transaction takes place. In practice, most human societies blend elements of all of these, in varying degrees. | The concept of a gift economy stands in contrast to a [[planned economy]] or a [[market economy|market]] or [[barter economy]]. In a planned economy, goods and services are distributed by explicit command and control rather than informal custom; in barter or market economies, an explicit ''quid pro quo'' — an exchange of [[money]] or some other [[commodity]] — is established before the transaction takes place. In practice, most human societies blend elements of all of these, in varying degrees. | ||
| + | ==See also== | ||
| + | * [[Cornucopian]] | ||
| + | * [[Economy of the Iroquois]], which used gift-giving as its main mode of intertribal trade | ||
| + | * [[Mutual Aid]] | ||
| + | * [[Non-profit organization]] | ||
| + | * [[Philanthropy]] | ||
| + | * [[Xenia (Greek)]] | ||
| + | * [[Random Acts of Kindness]] | ||
| + | * [[Pay it forward]] | ||
| + | |||
| {{GFDL}} | {{GFDL}} | ||
Revision as of 21:03, 22 July 2008
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A gift economy is an economic system in which goods and services are given without any explicit agreement for immediate or future quid pro quo. Typically, a gift economy occurs in a culture or subculture that emphasizes social or intangible rewards for generosity: karma, honor, loyalty or other forms of gratitude. In some cases, simultaneous or recurring giving serves to circulate and redistribute valuables within a community. This can be considered a form of reciprocal altruism. Sometimes there is an implicit expectation of the return of comparable goods or services, political support, or the gift being later passed on to a third party. However, in what is considered to be in the true spirit of gift economics, many times giving is done without any expectation of reciprocation.
The concept of a gift economy stands in contrast to a planned economy or a market or barter economy. In a planned economy, goods and services are distributed by explicit command and control rather than informal custom; in barter or market economies, an explicit quid pro quo — an exchange of money or some other commodity — is established before the transaction takes place. In practice, most human societies blend elements of all of these, in varying degrees.
See also
- Cornucopian
- Economy of the Iroquois, which used gift-giving as its main mode of intertribal trade
- Mutual Aid
- Non-profit organization
- Philanthropy
- Xenia (Greek)
- Random Acts of Kindness
- Pay it forward
