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Graeber has recently argued against this idea of consumption, insofar as it undergirds an image of "society as a gigantic engine of production and destruction in which the only significant human activity is either manufacturing things, or engaging in acts of ceremonial destruction so as to make way for more: a vision which in fact sidelines most things that real people actually do and insofar as it is translated into actual economic behavior, is obviously unsustainable."
However, other anthropologists such as Bruce Owens have argued that many economies are characterized by objects that neither circulate nor are consumed.
For reference purposes, it seems worthwhile to have a list of economic activities which might not fit comfortably into the dichotomy between production and consumption. Note that if consumption is any activity using things that have been sold or exchanged, except for the use of making things for sale or exchange (which is production) then virtually all activities undertaken by individuals living in a built environment would be slotted into one of these categories.
The ensuing list explores the in-between areas in this grid.
One heuristic principle for inclusion might be to think of an activity which if undertaken 200 years ago would not be considered consumption, but in current discourse might be classified that way.
Here are three more formal criteria:
1) It is an economic activity (not any old noun, like a 'rock')
2) It is not consumption, in the narrow sense of simply purchasing something.
3) It is not production, in the sense of being intended for sale or exchange as a commodity.
Comments on applicability can be included paranthetically.
See David Graeber, Towards an Anthropological Theory of Value (ISBN 0312240457)
Owens, Bruce McCoy "Unruly Readings: Neofetishes, Paradoxical Singularities, and the Violence of Authentic Value," in Ethnos 64(2): 249-262.
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