Anthropology › Section G · Economic anthropology › Topic G.1

Two ways to study economies

Economists and anthropologists both study how people make a living, but they ask different questions and trust different evidence. Knowing the difference, and the famous debate it produced, is the first step in economic anthropology.

In this topic

  • What is an economy?
  • The economist's lens: universal rules
  • The anthropologist's lens: people in context
  • Formalists and substantivists
  • Polanyi and the embedded economy
  • Worked example: one farmer, two explanations
  • Moral economy
  • Worked example: one game in fifteen societies
  • Beyond the old debate
  • Common mistakes to avoid
  • Key takeaways

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