An Economic Anthropology Blog
In the article, Elyachar talks about a transaction in which someone tells those whom he knows well to have their cars worked at a colleague's workshop. Those that were sent to his colleague's workshop were then told some phrase, that in the context of the exchange meant that he was willing to give them decent work on their cars for a discount. It is also mentioned that sometimes one might do their work for free. In a way, these discounts are a form of value. This might be because these discounts are a part of some relationship. An example can be seen in the article, with the discounts. A master might send someone employed by him to get some work done for his master. The person who manages or owns the workshop might then decide to do the work for the master at a significant discount. Even though the owner of the second workshop might not be making as much money in this transaction, or maybe even be losing money, they are still getting some form of value from their transaction. This value might be in the form of strengthening of relationships. This strengthening of relationships between a master and a workshop owner might be of value for the two workshops, as they both get something out of their exchange. The master gets gets the knowledge that he has friends in the workshop who can help him out, and the owners and managers of the workshop gets continued business from the master. This strengthening of relationships likewise also gives those involved prestige, which may be another form of value, as the workshop owners are able to cheaply help their clients, and the masters can say that they have friends who can help them out.
Note: Only a member of this blog may post a comment.