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Exchange economy or gift economy?

Asked by Strauss (23643points) July 26th, 2013

Over the past couple years, I have seen some references to a “Gift Economy” paradigm rather than the current “Exchange Economy” paradigm in which we as a society currently operate. One author, Charles Eisenstein traces the history of from ancient gift economies to modern capitalism. Another site devoted to this concept contrasts the domination, competition, and egoism of the exchange economy with the nurturing components of the gift economy.

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