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Old Traditional Economy Origins associated with family evolution and religion K.Polanyi and the issue of embeddedness Typology of traditional economies Origins Nature and the natural division of labor Tradition and simple reporduction Religion Primitive communism Polanyi and non-market economies Economic determinism Embeddedness and socio-cultural traits Rational behavior and incentives Homo oeconomicus. Typology Household Economy and self-sufficiency Reciprocal Economy/primitive exchange general reciprocity balanced reciprocity negative reciprocity Redistributive economy: oriental despotism Tradition and Market • • • Schools of economic anthropology Formalism and substantivism convergence argument majority of decision-making Particularism Evolutionism Marxism