Gift economies spontaneously produce self-restraint that low prices cannot

Evidence

I looked in my basket: two zucchinis, an onion, tomatoes, bread, and a bunch of cilantro. It was still half empty, but it felt full. I had everything I needed. I glanced over at the cheese stall, thinking to get some, but knowing it would be given, not sold, I decided I could do without. It’s funny: Had all the things in the market merely been a very low price, I probably would have scooped up as much as I could. But when everything became a gift, I felt self-restraint. I didn’t want to take too much. And I began thinking of what small presents I might bring to the vendors tomorrow. — Robin Wall Kimmerer, Braiding Sweetgrass, 107

Categorization

  • XREF: Links to Milgrom/Law Merchant on reputation and long-term relationship incentives, and to Trust volume on conditional cooperation. — connects to: Heterogeneous reciprocal gifts injected with money’s character resemble purchase; Self-imposed spending limits function as commitment devices against temptation — John T. Jost and Jim Sidanius, Political Psychology, 2570; Narrow self-interest does not automatically produce efficient exchange (+6 more)

Broader Connections