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3/1 - substantivists discuss rules (of the game), formalists the strategy ((does she mean constraints vs behaviour?))

Polanyi - embeding -- social system

substantivists speak as if people always follow the rules

Polanyi sees reciprocity & redistrib. embedded & markets not embedded. Alice says all [[strikethrough]] emp [[/strikethrough]] embedded but rules [[strikethrough]] all [[/strikethrough]] are diff

subst. say 1st 2 use maximiz. & last doesn't but Alice says all use maximiz.

reciprocity implies equal ranking, redistrib unequal. acc to subst. but Alice says recipr. can occur between parties not strictly equal

redistrib implies some degree of centricity 

reciprocity as in kula does not involve bargaining behaviour, ace. to subst- in fact if read carefully see is bargaining, but just not done in an obvious manner; so are maximizing to get best valuables but not overt

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true that markets often less embedded, but still need to cash checks at supermarket

subst. shouldn't have been talking about kula anyway, since not 'econ' by their def.

Alice defines econ as "the use of land, labor & capital", just as a rule of thumb

Alice says substantivists have done a very good job of looking at the rules

formalist says you decide the gaols & I can tell you what the maximizing behaviour is