The Formalism/Substantivism Debate

By the 1950s, an acrimonious debate had broken out in anthropology between "formalist" and "substantivist" approaches.

Raymond Firth

Formalists like Raymond Firth argued that the tools of neo-classical economics were applicable, with some minimal modification to all cultures...thus, neo-classical economics discerned universal patterns of human behavior.

Karl Polanyi

Substantivists, inspired largely by the work of Karl Polanyi, argued that economics was a "special case" that applied only to Western market economies.  Its rules and formulae were applicable only to such economies.  Anthropologists would have to devise new forms of economic analysis to understand cultures where capitalist markets didn't govern behavior (and that included almost all cultures studied by anthropologists).

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