The Gift Paradox: Complex Selves and Symbolic Good
AbstractSymbolic utility involves appreciation and esteem and expressed by symbolic products (gifts), while substantive utility entails ordinary welfare satisfied by substantive products. For neoclassical theory, both utilities are symmetrical or fungible and, hence, substitutable along the uni-dimensional utility function. If they are substitutable, though, why would agents be judged as “crass” if they intentionally remind the recipient of the cost of the substitution? For normative sociological theory, the judgment of “crassness” would arise if the agent mixes moral norms with non-moral substantive interests. The two are supposed to be non-fungible, stemming from multiple selves. If both utilities are non-fungible and stem from multiple selves, though, why do we call agents who spend on gifts beyond their means “fools,” while those who spend very little “cheapskates”? It seems that there must be a supervising, single self that makes decisions on the proper division of the budget between substantive products and gifts. But this invites the single-self idea from the back window, reverting back to the neoclassical approach. We would be caught in a vicious cycle of anomalies. To get out of the cycle, this paper identifies the critical issues and suggests an alternative, complex-self view.
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Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Review of Social Economy.
Volume (Year): 62 (2004)
Issue (Month): 3 ()
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- Metin Cosgel, 2005. "The Socioeconomics of Consumption: Solutions to the Problems of Interest, Knowledge, and Identity," Working papers 2005-46, University of Connecticut, Department of Economics.
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