Lingo Cards (Some rights reserved)
Gift economy = mode of exchange where valuables are not traded or sold, but rather given without an explicit agreement for immediate or future rewards.
Twitter thread from Tim Rayner @timrayner01
Reflecting on the difference between a ‘sharing’ economy and gift economy. It’s not just a matter of semantics (1/7)
Sharing implies two individuals who share goods between them. It’s a non-monetary exchange structured like a market exchange (2/7)
One person produces value (by sharing), the other consumes it. It is like a neoclassical market exchange without the money (3/7).
One person produces value (by sharing), the other consumes it. It is like a neoclassical market exchange without the money (3/7).
Compare this to a gift economy. In a gift economy, consumption of value is immanent to the production of value http://haubooks.org/viewbook/gifts-and-commodities/12_ch05 … (4/7).
One person produces value by gifting goods. The same person consumes the value immanent to their act of gifting, with their tribe (5/7).
This is possible because the value of the gift lies not in the goods themselves, but in the way the gift of goods sustains a community (6/7)
Gifting implies a different economic mindset to sharing. Sharing is consonant with market economics. Gifting disrupts the paradigm (7/7).
Elsewhere on the Web
https://www.hacker-culture.com
https://libcom.org/files/Mauss%20-%20The%20Gift.pdf
http://haubooks.org/viewbook/gifts-and-commodities/12_ch05
Wikipedia
Gift economy
Planeta.com