Question

Economic Anthropology says that:

Answer 1

The correct answer is option D. Economic Anthropology says that individual thought and behavior is better understood not as necessarily rational nor as always self-interested.

The discipline of Economic Anthropology maintains that it is narrow and misdirected to see individual thought and behaviour as being understood as rational and self-interested.

• Economic Anthropology challenges the assumption that economic systems can be understood as market exchanges.
• It also confronts the claim that individual behaviour has clear determinants which are largely rational and interested by ideas of the self.
• As a descriptive social science, Economic Anthropology studies various factors, individual and collective, that impact group thought, behaviour, and economic systems.
• It takes into account social, cultural, economic, and political aspects of thinking and behaviour.
• Economic Anthropology studies processes of production, mode of production, circulation, distribution, and exchange.

Therefore, Economic Anthropology says that individual thought and behavior is better understood not as necessarily rational nor as always self-interested. It is related to the study of human societies.

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Answer 2

Economic Anthropology says that individual thought and behavior are best understood as rational, self-interested decision-making.

Economic anthropology is always in dialogue (whether implicitly or explicitly) with the discipline of economics. However, there are several important differences between the two disciplines. Perhaps most importantly, economic anthropology encompasses the production, exchange, consumption, meaning, and uses of both material objects and immaterial services, whereas contemporary economics focuses primarily on market exchanges. In addition, economic anthropologists dispute the idea that all individual thoughts, choices, and behaviors can be understood through a narrow lens of rational, self-interested decision-making. When asked why people choose to buy a new shirt rather than shoes, anthropologists, and increasingly economists, look beyond the motives of Homo economicus to determine how social, cultural, political, and institutional forces shape humans’ everyday decisions

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