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Social Norms in Transition: Gift-giving and Reciprocity in the Global Era

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Turbulence and New Directions in Global Political Economy

Part of the book series: International Political Economy Series ((IPES))

Abstract

Much attention has been paid recently to the notions of social cohesion and ‘social capital’. This is happening in the context of the re-definition of the respective roles of the state and the voluntary or ‘third sector’. From a neo-liberal perspective, a sharing of social responsibilities between the public and the private sectors contributes to global competitiveness. But is this likely to happen if homo economicus is fundamentally selfish? As I explain below, economists are re-assessing the economic significance of altruism and gift-giving. Pure altruism still remains something of a mystery to them, but partial altruism can be instrumental in the production of public goods, thereby justifying a reduced role for the state. Yet one must be prepared to ask questions about the extent to which reciprocity and philanthropy can offer efficient as well as just solutions to the challenge of global competitiveness.

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Notes

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© 2003 Laurent Dobuzinskis

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Dobuzinskis, L. (2003). Social Norms in Transition: Gift-giving and Reciprocity in the Global Era. In: Busumtwi-Sam, J., Dobuzinskis, L. (eds) Turbulence and New Directions in Global Political Economy. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781403918451_7

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