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Gift Economy

Buzzwords

Gift economy = mode of exchange where valuables are not traded or sold, but rather given without an explicit agreement for immediate or future rewards.

Twitter Essay from ‏@timrayner01

Reflecting on the difference between a ‘sharing’ economy and gift economy. It’s not just a matter of semantics (1/7)

Sharing implies two individuals who share goods between them. It’s a non-monetary exchange structured like a market exchange (2/7)

One person produces value (by sharing), the other consumes it. It is like a neoclassical market exchange without the money (3/7).

One person produces value (by sharing), the other consumes it. It is like a neoclassical market exchange without the money (3/7).

Compare this to a gift economy. In a gift economy, consumption of value is immanent to the production of value http://haubooks.org/viewbook/gifts-and-commodities/12_ch05 … (4/7).

One person produces value by gifting goods. The same person consumes the value immanent to their act of gifting, with their tribe (5/7).

This is possible because the value of the gift lies not in the goods themselves, but in the way the gift of goods sustains a community (6/7)

Gifting implies a different economic mindset to sharing. Sharing is consonant with market economics. Gifting disrupts the paradigm (7/7).

Elsewhere on the Web
https://www.hacker-culture.com
https://libcom.org/files/Mauss%20-%20The%20Gift.pdf
http://haubooks.org/viewbook/gifts-and-commodities/12_ch05

Wikipedia
Gift_economy

Planeta.com

Economy

Sharing

Sharing Cultures on the Social Web

Gift Card

GIF

How to be generous

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