This exceedingly interesting paper takes as its starting
point J. K. Gibson-Graham’s exhortation to find new theoretical
languages to explain capitalism’s supposed triumph
without reproducing the self-justificatory narratives
of its inevitability and global dominance. Yang
crafts such a theoretical language, using tools derived
from Bataille, Baudrillard, and Bakhtin and through an
insightful and nuanced analysis of apparently “irrational”
ritual expenditures in Wenzhou, a region often
touted in the press as a success story of capitalism and
free markets in the “new China.” Specifically, Yang develops
two models. One is a model of ritual expenditure
that attends to the sacralization of the putatively economic.
It is meant to address the shortcomings of other
models of peasant economies, the author arguing that
peasant economies are never, strictly speaking, merely
economic. The other is a model of economic hybridity
that directly answers Gibson-Graham’s call for a critique
of global capitalism as all-conquering and capitalist economic
development as a one-way street. This model is
meant to address the shortcomings of the articulation of-
modes-of-production models of an earlier moment in
economic anthropology.