The curse of the modern: A Post Keynesian critique of the gift|exchange dichotomy

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Abstract
The anthropological literature on the gift has split the social and material world into a premodern realm of thick sociality where gifting is located, and a modern realm of thin sociality in which exchange occurs. It concedes the modern realm to neoclassical economists. This paper challenges both the premodern/modern split and the adequacy of neoclassical theory as a description of material life anywhere, drawing on Post Keynesian critiques of the neoclassical treatment of time. The heterodox Post Keynesian school provides a conception of the subject situated in time that is better fitted to non-reductionist theories of material life.

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