UC Irvine

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.