The Importance Of Economic Anthropology

People all around the world are different and so are their economical decisions and economical mindset that differs because of economical system they live in. To understand better people and their different lifestyles which differs according to place and surrounding society, anthropology is a science that helps to analyze society in different time frames. Mostly fieldworks are done by analyzing exotic and non-Western communities in long period of time. Anthropology is widely used, for example, to study indigenous communities in America and living cultures in Africa. Because of anthropology varies in different time frames and different communities, this science has developed in wide range of fields like culture, politics and economic, relying on multiple parameters.
To better understand economic anthropology, it’s important to look closer to anthropology as the main science that analyses people across cultures. Anthropology as science have developed in 19th century in Western culture. Anthropology is divided into four main groups: physical anthropology, cultural

In my point of view, economic anthropology embodies better mechanism to understand society and its economical behavior than economic science that examine collected data. But we need take into account that because of economic anthropology use ethnography, research of society could be subjective. Researcher need to separate personal and emotional feeling from study object. Economic anthropology’s biases – formalism and substantivism, embodies meaningful thoughts that goes against each other but in the same time completes each other and shows that it is crucial to try understand society deeper itself but also to sense what kind of factors impact it and what kind of scope they