EdwardBaiamonte
Platinum Member
- Nov 23, 2011
- 34,612
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Before civilization and money people presented gifts to those with whom they wanted relationships, and yes, those who received gifts incurred an obligation to return a comparable or greater gift.This is detailed in the greatest work of economic anthropology called "The Gift." Adam Smith understood this well and indeed saw the relationship between capitalism, gift giving, and love
Adam Smith:
"one behavioral axiom, 'the propensity to truck, barter, and exchange one thing for another,' where the objects of trade I will interpret to include not only goods, but also gifts, assistance, and favors out of sympathy ... whether it is goods or favors that are exchanged, they bestow gains from trade that humans seek relentlessly in all social transactions. Thus, Adam Smith's single axiom, broadly interpreted ... is sufficient to characterize a major portion of the human social and cultural enterprise. It explains why human nature appears to be simultaneously self-regarding and other-regarding."[
Adam Smith:
"one behavioral axiom, 'the propensity to truck, barter, and exchange one thing for another,' where the objects of trade I will interpret to include not only goods, but also gifts, assistance, and favors out of sympathy ... whether it is goods or favors that are exchanged, they bestow gains from trade that humans seek relentlessly in all social transactions. Thus, Adam Smith's single axiom, broadly interpreted ... is sufficient to characterize a major portion of the human social and cultural enterprise. It explains why human nature appears to be simultaneously self-regarding and other-regarding."[
