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Economic LivesHow Culture Shapes the Economy$
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Viviana A. Zelizer

Print publication date: 2010

Print ISBN-13: 9780691139364

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691139364.001.0001

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Payments and Social Ties

Payments and Social Ties

(p.136) 7 Payments and Social Ties
Economic Lives

Viviana A. Zelizer

Princeton University Press

This chapter extends the analysis of earmarking by emphasizing the distinctions between three categories of monetary payments: gifts, entitlements, and compensation. It documents two points that matter significantly for this book's general themes. First, payers and recipients attach great importance to both the form and meaning of the payment and even grow indignant if confusion among types of payment arises. Second, a reciprocal relationship exists between the form of payment and the relationship at hand: the treatment of a payment as compensation already defines the relationship as different from one where a gift is appropriate, and different relations demand different forms of payment.

Keywords:   earmarking, monetary payments, gifts, entitlements, compensation

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