Inalienable Possessions - Why Is This Important?

Why Is This Important?

Economists have often shunned at the idea of pondering exactly why people want goods. Goods serve many purposes beyond what classical economists might theorize. Goods can serve as systems of social communication according to Mary Douglas, a prominent anthropologist. In fact, anthropology in general is important to economics because it talks about the socio-cultural relationships in economy and economy itself as a cultural system that is not just market-based. Moreover, entire industries are often based on gift giving such as the pharmaceutical industry. In addition, gift giving plays an important role in the cultural development of how social and business relations evolve of major economies such as in the case of the Chinese.