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Introduction: commodities and the politics of value
Abstract
This essay has two aims. The first is to preview and set the context for the essays that follow it in this volume. The second is to propose a new perspective on the circulation of commodities in social life. The gist of this perspective can be put in the following way. Economic exchange creates value. Value is embodied in commodities that are exchanged. Focusing on the things that are exchanged, rather than simply on the forms or functions of exchange, makes it possible to argue that what creates the link between exchange and value is politics , construed broadly. This argument, which is elaborated in the text of this essay, justifies the conceit that commodities, like persons, have social lives. Commodities can provisionally be defined as objects of economic value. As to what we ought to mean by economic value, the most useful (though not quite standard) guide is Georg Simmel. In the first chapter of The Philosophy of Money (1907; English translation, 1978), Simmel provides a systematic account of how economic value is best defined. Value, for Simmel, is never an inherent property of objects, but is a judgment made about them by subjects. Yet the key to the comprehension of value, according to Simmel, lies in a region where “that subjectivity is only provisional and actually not very essential” (Simmel 1978:73). In exploring this difficult realm, which is neither wholly subjective nor quite objective, in which value emerges and functions, Simmel suggests that objects are not…
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“Instead, shifting focus on the bezoar”
From Ox Bezoars and the Materiality of Heian-period Therapeutics (2018) · cites this paper as Appadurai 1986, 5
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“On the one hand, a bezoar is part of a network of exchanges and uses through which it acquires a social life, however shaped by its engagements with human agents who”
From Ox Bezoars and the Materiality of Heian-period Therapeutics (2018) · cites this paper as Appadurai 1986, 5
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“While much technological, social and aesthetic knowledge go into a commodity’s production, knowledge is also required to consume it appropriately (Appadurai, 1986: 41–2).”
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“Symbolic value may therefore have been not only ascribed, but created in the myriad ‘tournaments of value’ (Appadurai 1986, 21–2) that occurred daily as part of the life of the town.”
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“DOI: 10.1111/j.1548-1425.2008.00101.x Anthropologists long have focused on material culture’s potential to give rise to boundary-crossing biographical pathways and to polysemic interpretations (Appadurai 1986; Marcus and Myers 1995; Price 2007; Tilley et al. 2006).”
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“In this process, consumers perform their social lives and maintain social networks, which are bound up with the social life of the brand (see Appadurai, 1986).”
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“…of the postsocialist world have found an effective theoretical platform in the circulating objects that populate the recent anthropological literature arrayed against dichotomies between gift and commodity economies (Appadurai 1986; Miller 1987; Myers 2001; and see Patico and Caldwell 2002).”
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Taylor, J. S. (2000) · Feminist Studies · doi:10.2307/3178541 · Cited by 69
Chapter 4 The Gift and Reciprocity: Perspectives from Economic Anthropology
Hann, C. (2006) · Handbook of the Economics of Giving, Altruism and Reciprocity · doi:10.1016/s1574-0714(06)01004-9 · Cited by 68
In Pursuit of Singular Salmon: Paradoxes of Sustainability and the Quality Commodity
Hébert, K. (2010) · Science as Culture · doi:10.1080/09505431.2010.519620 · Cited by 70
“In contrast, ‘the word “commodity” is used in neoclassical economics only to refer to a special subclass of primary goods and no longer plays a central analytic role’ (Appadurai, 1986a , p.”
BackgroundEntangled exchange: Reconceptualising the characterisation and practice of bodily commodification
Parry, B. (2007) · Geoforum · doi:10.1016/j.geoforum.2007.02.001 · Cited by 69
In the Wake of Things: Speculating in and about Sapphires in Northern Madagascar
WALSH, A. (2004) · American Anthropologist · doi:10.1525/aa.2004.106.2.225 · Cited by 68
Metadata
- Authors
- Appadurai, A.
- Affiliations
- The New School (US)
- Corresponding author
- Appadurai, Arjun
- ORCID
- Appadurai, Arjun
- Venue
- The Social Life of Things
- Publisher
- Cambridge University Press
- Published
- 1986-04-30
- Pages
- 3-63
- OpenAlex
- W2287908689
- Cited by
- 4,001
- References
- 0
- Citations by year
- 2026: 93 · 2025: 121 · 2024: 175 · 2023: 224 · 2022: 149 · 2021: 241 · 2020: 274 · 2019: 224 · 2018: 204 · 2017: 132 · 2016: 138 · 2015: 152 · 2014: 164 · 2013: 191 · 2012: 192
- FWCI
- 51.87
- Type
- book chapter
- Language
- en
- Open access
- closed
- Locations
- Cambridge University Press eBooks (publishedVersion)
- Topics
- Social Sciences › Sociology and Political Science › Political Economy and Marxism
- Social Sciences › Sociology and Political Science › Weber, Simmel, Sociological Theory
- Social Sciences › Anthropology › Anthropological Studies and Insights
- Keywords
- commodities, economic value, politics of value, commodity flows, economic exchange, Georg Simmel, The Philosophy of Money, social life of objects
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