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Croatia has experienced a marked boom in household debt in the 2000s. Much of this lending took high-risk and predatory forms that transferred significant risks to debtors, which in turn became the target of contestation by debt activists. This paper uses the Polanyian idea of "double movement" to show how the Croatian debt contestations responded to the distinctively peripheral form of financialization in Eastern Europe, characterized by unequal geoeconomic relationships and an intensified...

'No human beings, at whatever stage of culture, completely eliminate spiritual preoccupations from their economic concerns' (Malinowski 1935: xx). Drawing on the history and theory of economic anthropology from the pioneering investigations of Bronislaw Malinowski to the work of a postdoctoral research team at the Max Planck Institute for Social Anthropology (Halle/S) between 2009 and 2012, this paper* explores the interface between ritual and the economy in socialist and post-socialist...

With the advance of economic neoliberalization along with the green economy paradigm that aims to alleviate rapid climate change, discussions of the rationale of cooperative organization of food production have come to the fore. This paper contributes to the scholarly understanding of motivations for cooperative organization of production by taking up empirical illustrations from the European North of Russia, where despite expectations of privatization after the dissolution of the Soviet...

Drawing on ethnography of the World Bank's private sector development program, this paper explores the ways in which discussions of export competitiveness emerged in the past decade or so and how they interacted with larger discourses on solidarity and development. The immediate context within which this idea emerged was that of the structural adjustment programs (SAPs) which had maintained that the public regulation of the private economy compromises on industrial productivity (and by...

Noting a lack of consensus in the recent literature on the Anthropocene, this article considers how social anthropologists might contribute to its theorizing and dating. Empirically it draws on the author’s long-term fieldwork in Hungary. It is argued that ethnographic methods are essential for grasping subjectivities, including temporal orientations and perceptions of epochal transformation. When it comes to historical periodization, however, ethnography is obviously insufficient and...

This article argues that the original thrust of the moral economy concept has been understated and attempts to cast it in a new light by bringing class and capital back into the equation. First, it reviews the seminal works of Thompson and Scott, tracing the origins of the term. It deals with the common conflation of moral economy with Polanyi’s notion of embeddedness, differentiating the two concepts and scrutinizing the ways in which these perspectives have been criticized. Second, it...

This paper revisits debates over the labor theory of value in the 1970s and 1980s and proposes an expansion and revision for the neoliberal era. It draws on three empirical cases of social movements grappling with contemporary changes in the societal division of labor and argues that they can best be understood as 'revaluation' projects seeking to bring recognition to aspects of the economy that are necessary for its long-term sustainability but are not 'counted' as important.

To imagine Europe and Asia as constituting equivalent "continents" has long been recognized as the ethnocentric cornerstone of a Western, or Euro-American, world view. The amalgam Eurasia corrects this bias by highlighting the intensifying interconnectedness of the entire landmass in recent millennia. This article builds on the work of Jack Goody and others to analyze the unity-in-civilizational-diversity of the Old World. It draws on the substantivist economic anthropology of Karl Polanyi...

This paper focuses on how discourses of food have shaped understandings of what is at stake in the Greek crisis. Drawing from Karl Polanyi's concept of "embeddedness," I argue that food is central to Greek interpretations of neoliberal policies and processes because of its centrality to Greek culture and identity. Food has also been a site of contested practices of "solidarity" and "charity" by which new social experiments are emerging in the wake of the breakdown of the welfare state. In...

All communities of practice must face questions relating to the material economic foundations of future sustainable societies. David Graeber, Karl Polanyi and Karl Marx each have produced typologies of possible types of economy, synthesised as: (1) the principle of individual reciprocity, (2) the market principle of capitalism, and (3) the planning principle of the state. I apply this synthesis to recent proposals for community change advanced by Bill McKibben and David Korten concerning...

Goody's essay overlaps with his recent work on the “search for metals” and, more generally, with his many books expounding the commonalities of Eurasian history. His critique of Eurocentrism remains invaluable. This review article argues that his emphasis on diffusion can be usefully supplemented with a concept of civilization, to facilitate comparative structural analysis. Goody's perspective might also be enhanced by an engagement with the literature on “Axial Age” cosmologies and with...

This article attempts to provide a critical understanding of the dual signification of “precarity”. It explores what “precarity” as a concept may potentially offer to studies of the changing contemporary political economy of migration. It discusses shifting trends in global migration and point to tendencies for a possible convergence between “South” and “North”, “East” and “West”. Based on a review of current advances in research, it discusses, with reference to the classical work of Karl...

Behind only that of Bronislaw Malinowski, the influence of the Central European polymaths Ernest Gellner and Karl Polanyi on socio-cultural anthropology in the 20th century was profound. Gellner and Polanyi also influenced much wider swathes of scholarship. They belong to different generations and were raised in quite different settings in Prague and Budapest respectively. What these thinkers have in common is a philosophy of history which posits the industrial revolution in northwest Europe...

This paper aims to reconsider Polanyi's approach to money. His best-known writing on money uses is deeply original and presents strong insights that dissociate money from the concept of the market. Polanyi also developed an interesting non-dichotomous understanding of money in hisThe great transformation. However, taken together, these two contributions lead to some unresolved questions: his critique of the orthodox approach to money is ambivalent; his argument to separate payment from...

We review here recent developments in the anthropology of money and finance, listing its achievements, shortcomings, and prospects, while referring back to the discipline's founders a century ago. We take our departure from the work of Marcel Mauss and Karl Polanyi, both of whom combined openness to ethnographic research with a vision of world history as a whole. Since the 1960s, anthropologists have tended to restrict themselves to niche fields and marginal debates. The anthropological...

Papua New Guinea (PNG) is one of many countries around the world where the relationship between customary land tenure and economic development has been hotly debated for a long time. A commonplace of the debate in PNG is that 97% of the nation's land is held under customary tenure, while only 3% has been alienated, and these proportions have not changed since the country became independent in 1975. This paper shows that the boundary between customary and alienated forms of land or immovable...

Purpose -- This paper furthers the analysis of patterns regulating capi-talist accumulation based on a historical anthropology of economic activ-ities revolving around and within the Mauritian Export Processing Zone (EPZ). Design/methodology/approach -- This paper uses fieldwork in Mauritius to interrogate and critique two important concepts in contemporary social theory -- "embeddedness" and "the informal economy." These are viewed in the wider frame of social anthropology's engagement with...

This article discusses a case of popular social response to imposed austerity and recession in Greece. It focuses on the anti-middleman movement in an Athens suburb. It also addresses the broader picture of the current Greek crisis, explaining how participants in this grassroots response extend their activity beyond food distribution, beginning to imagine modes of economic conduct and interaction different from those currently dominant in Greece. I explore their efforts to turn the food...

The University of Pretoria's Human Economy project began at the end of 2010. To date it has involved eighteen post-doctoral fellows, drawn from around the world, and eight doctoral candidates, all from Africa. This paper reviews the project's progress, drawing attention to how its participants have come to construe the notion of a 'human economy' and the main social theorists on whom they have drawn in doing so. The development of our thinking regarding a human economy is explained by...

The author deals with two interconnected features of contemporary Hungarian rural family life from a historical perspective based on fieldwork carried out in Varsány in the early 1970s and between 2000 and 2005. The first is the intertwining of the lives of successive generations of families in a period when other segments of Hungarian society were becoming more individualistic. This case puts into question whether economic models of the direction of the flow of goods between generations...