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40

1. social memory - socially embedded
2. gold - culturally embedded (valid in places or cultures where gold valued)
3. paper money - politically embedded - a power strong enough to enforce sanctions
4. bank checks - institutionally embedded (the banking institution, regulated by govn.)

each of these systems has strengths + weaknesses
#1 probably most secure ((is this true?))
#2 prompts most emotional attachments
types of goods + services that circulate in 1st circle limited & if want a Taiwanese bike, etc. must move to one of the other systems
Codere says have be have all 5 on previous page to maximize, which Alice feels not true

Q how would an anthrop look at credit cards? they attempt to collect all sorts of personal data on you, so going back to a personalized currency or attempting to mimic personal relation
to an extent banking system does this too


41

Feb 24- spheres of exchange

dis our dept. done in simple society in Phil. breaks down reciprocity by stage in life cycle

with credit card can't accrue credit as can when help neighbor build room
in small scale society very hard to get overdrawn to extreme degree is when get [[crossed out]] it [[/crossed out]] into prestige items that people begin getting very overdrawn - if society closed you only get prestige if using own wealth to, for example, throw a feast; if just going into debt

closed + open economy

in closed system no matter how powerful I am, can never accumulate more than the total productivity of the system - in case of small island as atoll may be very little
radical changes when closed. system becomes more hooked into outside
more contact w/ outside the more trade w/ outside