AN456      Half Unit
Economic Anthropology

This information is for the 2025/26 session.

Course Convenor

Dr Wesam Adel Hassan

Availability

This course is available on the MRes in Anthropology, MSc in Anthropology and Development, MSc in China in Comparative Perspective, MSc in Culture, Justice, and Environment, MSc in Inequalities and Social Science, MSc in Regulation, MSc in Social Anthropology and MSc in Social Anthropology (Religion in the Contemporary World). This course is available with permission as an outside option to students on other programmes where regulations permit. This course uses controlled access as part of the course selection process.

How to apply: Priority is given to home department students, followed by those from other departments (based on their statements, and space permitting).

Deadline for application: Please apply as soon as possible after the opening of course selection.

For queries contact: Anthro.Admin@lse.ac.uk

Course content

 What is the economy, and how has it come to be understood as a distinctive sphere of life? This course explores how the historical rise of capitalism has been inextricably tied to the production of the very idea of ‘the economy,’ and how anthropologists have persistently challenged this separation, showing instead how economic life is entangled with religion, kinship, politics, and affect. Drawing on a broad range of ethnographic and theoretical work, we will explore the radical possibilities of alternative social relations offered by communities historically constituted outside capitalist economies or incorporated on their own terms, such as the so-called ‘original affluent societies.’ At the same time, we will critically examine the limits and potentials of contemporary global capitalism. How did the global economy emerge? What are its political, social, and cultural consequences? Why does it produce volatility, inequality, and, at times, accumulation and spectacular abundance? Is globalisation unravelling in an era of ‘de-coupling’ and populism, and what new futures might be imagined for capitalism? We will answer these questions through key themes including production, social reproduction, circulation, consumption, and the enduring significance of colonialism, empire, industrialisation, neoliberalisation, financialisation, digital and platform economies

Central to our examination will be the processes and experiences of exploitation, oppression and domination, paying attention to the invisible work that sustains economies but remains undervalued, whether hidden within households, migration regimes, or precarious labour markets. We will highlight the ways gender, race, caste, ethnicity and class must be placed at the heart of any economic analysis. Our exploration will extend to new anthropologies of logistical power, the commodification of intimacy, algorithmic governance, global branding, gambling and cryptocurrency trading, media spectacles, securitisation, financialisation and speculation. Throughout the course, ethnography will be our method of anchoring global capitalism’s abstractions in the textures of everyday life, foregrounding both the mechanisms of durable accumulation and the creative, ambivalent, and sometimes resistant responses of individuals and communities, from global elites to the precarious poor. Moving away from calculative economic theories of capitalism, we will consider the significance of desire, kinship, political dreams, ethics and culture in shaping the intimate economies of our contemporary life. By the end of the course, students will gain a better understanding of current global transformations and a set of critical theoretical tools to rethink capitalism, inequality, and economic futures.

Teaching

10 hours of lectures and 15 hours of seminars in the Winter Term.
1 hours of lectures in the Spring Term.

This course has a reading week in Week 6 of Winter Term.

Formative assessment

Essay (1500 words)

Students will have the opportunity to submit one formative essay of up to 1500 words during the course.

Students taking AN456 as an optional course will be informed of their formative submission deadline by email by the end of Week 4 of term. These students will receive feedback on their formative essays from the course teacher.

Students on the MSc Anthropology and Development programme who are taking AN456 as a core course will be informed of their formative submission deadline by their academic mentor early in term. These students will receive feedback on their formative essays from their academic mentor. 

Indicative reading

A few ethnographies to whet your appetite: 
Bronislaw Malinowski (1964) Argonauts of the Western Pacific;
Marshall Sahlins (1974) Stone Age Economics;
Marcel Mauss (1990 [1925)). The Gift: the form and reason for exchange in archaic societies;
Sidney Mintz (1985) Sweetness and Power: The Place of Sugar in Modern History;
June Nash (1979) We Eat the Mines and the Mines Eat Us: dependency and exploitation in Bolivia's tin mines;
Michael Taussig (1980) The Devil and Commodity Fetishism in South America;
Jonathan Parry (2020) Classes of Labour in a Central Indian Steel Town;
Maria Mies (1982) The Lace Makers of Narsapur: Indian Housewives produce for the World Market;
Carol Stacks (1974) All Our Kin;
Claude Meillassoux (1981) Maidens, Meal and Money: capitalism and the domestic community;
Jan Breman (1974) Patronage and Exploitation: changing agrarian relations in South Gujarat India;
Alpa Shah, Jens Lerche, Richard Axelby, Brendan Donegan, Dalel Benbabaali, Jayaseelan Raj and Vikramaditya Thakur (2018) Ground Down by Growth: Tribe, Caste, Class and Inequality in 21st Century India;
Tania Murray Li (2014) Land's End: Capitalist Relations on the Indigenous Frontier. 
Graeber D. (2001) Toward an Anthropological Theory of Value : The False Coin of Our Own Dreams .
Stiglitz JE. (2002) Globalization and Its Discontents ;
Bear L. (2015) Navigating Austerity : Currents of Debt along a South Asian River .
 

A few general overview texts: 
James G. Carrier and Don Kalb (eds) (2015) Anthropologies of Class: Power, Practice, and Inequality; 
Richard Wilk and Lisa Cliggett (1996) Economies and Cultures: Foundations of Economic Anthropology; 
James Carrier (ed) (2005) A Handbook of Economic Anthropology

Other general introductory texts
Stephen Gudeman (2001) The Anthropology of Economy; 
Chris Hann and Keith Hart (2011) Economic Anthropology; 
Susana Narotzky (1997) New Directions in Economic Anthropology; 
Jonathan Parry and Maurice Bloch (Eds) (1989), Money and the Morality of Exchange; 
Stuart Plattner (ed) (1989) Economic Anthropology; 
James Carrier (2019) A Research Agenda for Economic Anthropology

Assessment

Exam (100%), duration: 120 Minutes in the Spring exam period


Key facts

Department: Anthropology

Course Study Period: Winter and Spring Term

Unit value: Half unit

FHEQ Level: Level 7

CEFR Level: Null

Total students 2024/25: 13

Average class size 2024/25: 7

Controlled access 2024/25: No
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