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Friday, June 5, 2015

WHAT IS COMMODIFICATION?

Commodification is any process through which use and/or exchange value become more predominant in the definition of a thing (be it an object, culture, society, person and so on) than intrinsic and/or “humanizing” value.

Oliver, J. (2015). What is Commodification? LinchpinThoughts. Available online at http://linchpinthoughts.blogspot.com/2015/06/what-is-commodification.html. 

Wednesday, June 3, 2015

PRESENTATION ON "PETTY CAPITALISM"

WHAT IS A "PETTY CAPITALIST"?

    WHY DO PEOPLE ENGAGE IN "PETTY CAPITALISM"?

               WHAT ROLE DOES SOCIETY PLAY IN CONTRIBUTING TO PETTY CAP?

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micro business entrepreneurship



Monday, June 1, 2015

COHEN'S CHARACTERISTICS OF COMMODIFICATION

WHAT COUNTS AS A COMMODITY? 
IS FOOD A COMMODITY? 
WHAT IF FOOD IS GIVEN AS A GIFT? 
ARE GIFTS COMMODITIES?

COHEN POINTS OUT A FEW THINGS THAT MAKE A COMMODITY, A COMMODITY:


:) "Even-steven" symmetry with no value remainder (the exchange is balanced).

;) Equivalence is bargained, haggled over, discussed.

:) The bundles being exchanged are indifferently substituteable at a given price.

;) The thing in question can be replaced by something else as its equivalent.





Cohen, I. G. (2003). The price of everything, the value of nothing: Reframing the commodification debate. Harvard Law Review117(689).