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Response Paper Week 4
The transformation from the gift exchange and socioeconomic structures of the society to the capitalistic mode of production
can actually be seen in the articles of K.Polanyi, K.Marx and E.Wolf. Polanyi
describes these transformations beginning with the description of three
social-economic behaviours of the small scale societies and how these
social-economic behaviours of these societies changed accordance with
the establishment of the market economy. Commodification of land,
labour, capital which are the base of the market economy actually are
shaped accordance with the capitalism. However, he says that these
commodities (land, labour, capital) did not transform naturally and they
are fictitious commodities (2001) . Marx also describes this transformation
within the framework of the labour-market. The labour who puts its labourpower into market by itself transformed into who not willingly but
obligatorily puts its labour-power into market according to Marx (1990). In
the same view with Marx, Wolf give a historical perspective to this subject
while he illustrates how British incorporation in India and China worked in
19th century. The integration of India and China into capitalist system
changed the structure of land, labour, capital and also destroyed the
subsistence in these areas (1982) .
Bibliography
Carrier, J. G. (1995). Gifts and Commodities: Exchange and Western Capitalism
since 1700. London: Routledge.
Marx, K. (1990). Capital: A Critique of Political Economy,Volume1. London:
Penguin.
Polanyi, K. (2001). The Great Transformation. Boston: Beacon Press.
Weiner, A. (1988). The Trobrianders of Papua New Guinea. Fort Worth: Harcourt
College Publishers.
Wolf, E. (1982). Europe and the People without History. Berkeley: University of
California Press.