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Profit and Gift in the Digital Economy

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  • Elder-Vass,Dave

Abstract

Our economy is neither overwhelmingly capitalist, as Marxist political economists argue, nor overwhelmingly a market economy, as mainstream economists assume. Both approaches ignore vast swathes of the economy, including the gift, collaborative and hybrid forms that coexist with more conventional capitalism in the new digital economy. Drawing on economic sociology, anthropology of the gift and heterodox economics, this book proposes a groundbreaking framework for analysing diverse economic systems: a political economy of practices. The framework is used to analyse Apple, Wikipedia, Google, YouTube and Facebook, showing how different complexes of appropriative practices bring about radically different economic outcomes. Innovative and topical, Profit and Gift in the Digital Economy focusses on an area of rapid social change while developing a theoretically and politically radical framework that will be of continuing long-term relevance. It will appeal to students, activists and academics in the social sciences.

Suggested Citation

  • Elder-Vass,Dave, 2016. "Profit and Gift in the Digital Economy," Cambridge Books, Cambridge University Press, number 9781316509388.
    • Handle: RePEc:cup:cbooks:9781316509388
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    Cited by:

    1. Andrew Cumbers & Robert McMaster & Susana Cabaço & Michael J White, 2020. "Reconfiguring Economic Democracy: Generating New Forms of Collective Agency, Individual Economic Freedom and Public Participation," Work, Employment & Society, British Sociological Association, vol. 34(4), pages 678-695, August.
    2. Burnes, Bernard & Choi, Hwanho, 2021. "Hybrid economy in the digital age: The case of the independent music community in Korea," Technology in Society, Elsevier, vol. 65(C).
    3. Røpke, Inge, 2020. "Econ 101—In need of a sustainability transition," Ecological Economics, Elsevier, vol. 169(C).
    4. Staab, Philipp & Thiel, Thorsten, 2022. "Social Media and the Digital Structural Transformation of the Public Sphere," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 39(4), pages 129-143.
    5. Dolata, Ulrich, 2020. "Internet – Plattformen – Regulierung: Koordination von Märkten und Kuratierung von Sozialität," Research Contributions to Organizational Sociology and Innovation Studies, SOI Discussion Papers 2020-01, University of Stuttgart, Institute for Social Sciences, Department of Organizational Sociology and Innovation Studies.
    6. Staab, Philipp & Thiel, Thorsten, 2021. "Privatisierung ohne Privatismus. Soziale Medien im digitalen Strukturwandel der Öffentlichkeit [Privatization without Privatism. Social Media and the Digital Transformation of the Public Sphere]," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 0, pages 277-297.
    7. Dolata, Ulrich, 2020. "Internet – Platforms – Regulation: Coordination of Markets and Curation of Sociality," Research Contributions to Organizational Sociology and Innovation Studies, SOI Discussion Papers 2020-02, University of Stuttgart, Institute for Social Sciences, Department of Organizational Sociology and Innovation Studies.

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