The Gift Economy?

No matter how hard I try, I never seem to be quite up to speed with what’s going on out there in the world. Today I read about a phenomenon, which I’ve occasionally been arguing for (to a degree), but didn’t even know had a name… Well, it does have a name: The Gift Economy (Wikipedia article disputed, but still quite informative). First book on subject written more than 20 years ago :-(

The source of all this new information is a blog I’ve been following for quite a while. It’s called

This Blog Sits at the

Intersection of Anthropology and Economics

which is an unusually accurate title for a blog.

What he uses as an example is a rapper called Lil’ Wayne from New Orleans. Apparently he tipped Coldplay off No. 1 in the American charts. And I’ve never heard of him… Anyway, the interesting bit is that Lil’ Wayne makes practically everything he ever makes freely available on the Internet – in every shape or form you can imagine. So, when his album was recently released, could you then expect it to sell? Well, I would. But I know a lot of people who wouldn’t!

Gift Economy is based on the thought that “What Comes Around Gets Around”. Where I’m certain that variations on this idea can work very well for most artistic products, I’m not so sure about other stuff. As the above blogger muses, will somebody give him the aluminium siding that he so wants? And if somebody did, wouldn’t that somebody go bankrupt very soon? Or would other people start giving him back stuff (he wants and needs)  out of sheer gratitude? I know people who would and people who wouldn’t. Don’t know which kind there are most of out there!

But oh, can I just love the idea of it for a little while!

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