EUR €27.00 E-mail: In social science, the term earmarking has been associated with the economic sociologist Viviana Zelizer, who identifies the practice of earmarking as imbuing certain dollars with specific … For permissions, please e-mail: journals.permissions@oup.com.This article is published and distributed under the terms of the Oxford University Press, Standard Journals Publication Model (

Direct corresponding to Adam Hayes, University of Wisconsin-Madison, Department of Sociology, 8128 Sewell Social Sciences Building, 1180 Observatory Drive, Madison, WI 53705, USA. If you originally registered with a username please use that to sign in. GBP £20.00 in Zelizer's book, and this limits our understanding of the issues at stake.5 A second comment follows once one pays due consideration to the nature of the earmarking process. world culture, from discussions of theory to methodological critique, from

A child’s college savings account and a spouse’s retirement savings are instances where investing has become unmistakably Most users should sign in with their email address.

The concepts of “earmarking,” so central to The Social Meaning of Money (1994), and that, more recent (e.g., Zelizer, 2011), of “good matches,” point to a form of intentionality in these processes, sometimes more habitual and pragmatic, sometimes self-conscious and strategic. View Preview physics, engineering, mathematics, computer sciences, and economics.©2000-2020 ITHAKA.

affairs, from treatments of single individuals and national societies to View Preview Conceiving of Contraception: World Society, Cultural Resistance, and Contraceptive Use, 1970–2012
Such funds, Zelizer argues, are treated very differently from earnings or inherited money. You could not be signed in. This is particularly obvious, she asserted, when we consider concrete monetary practices that people engage in, differentiating monies and their accompanying social relations.

Zelizer's work may be read as an attack on the central Polanyian thesis: that the market system threatens social life by the undue prominence it lends the economy in the organization of modern society. The authors would like to thank early the readers for excellent feedback and insights including Maria Abascal, Meg Bea, Gozde Guran, David Pedulla, and Evan Polman as well as the participants of the Economic Sociology brownbag and the Household Finance Seminar at the University of Wisconsin-Madison. VIVIANA ZELIZER’S (1994) ARGUMENT about monetary earmarking laid bare the fact that, for most people, not all money is the same—homogenous and fungible. that publishes theoretically-informed analyses of social processes. Published by Oxford University Press on behalf of the University of North Carolina at Chapel Hill. When we earmark money for our child’s college fund, for instance, we … 3,000 new books annually, covering a wide range of subjects including biomedicine and the life sciences, clinical medicine,

Please check your email address / username and password and try again. Search for other works by this author on: First World to Third World - but always in the effort to bring together Being a Disadvantaged Criminal Defendant: Mistrust and Resistance in Attorney-Client Interactions theory, criticism and concrete observation. Getting a Job, Again: New Evidence against Subjective Well-Being Scarring

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She tells us the earmarking It opens

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Oxford University Press is a department of the University of Oxford. All rights reserved. Zelizer mentions the envelopes in which sums of money are saved that record the special purpose to which they are assigned. All Rights Reserved. Philippe Steiner Don't already have an Oxford Academic account?

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Indeed, various forms of currency—including tips, gift certificates, Christmas club savings plans, and food stamps—have been invented to facilitate the desire to earmark specific funds for specific purposes. Zelizer’s (Ibid., 160) point is that “the relative value assigned in mental accounts...should therefore vary depending on the consequences of that accounting for relations to others.

The recent publication of Viviana Zelizer's The Purchase of Intimacy (2005a) is therefore an excellent opportunity to review the general trend of her work Zelizer 1979, 1985, 1994, and contrast her leading ideas to the central thesis that gives Polanyi's work its particular flavor: the danger encapsulated in the use of modern money and the functioning of the market system.Theory and Society is a forum for the international community of scholars Adam Hayes, Rourke O’Brien, Earmarking Risk: Relational Investing and Portfolio Choice, Ordinary individuals are increasingly charged with making investment decisions not only for themselves but also for close others. To purchase short term access, please sign in to your Oxford Academic account above. Both processes, earmarking and the proliferation of special purpose monies, Zelizer argues, challenge the traditional wisdom that assumes that money is always a vehicle for the expansion of homogenizing quantitative calculation. This article is also available for rental through DeepDyve. © The Author(s) 2020.

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It furthers the University's objective of excellence in research, scholarship, and education by publishing worldwideFor full access to this pdf, sign in to an existing account, or purchase an annual subscription. Engaging Differences: How Socially Diverse Organizations Can Mobilize Their Resources More Effectively Arguing against this conventional wisdom, Viviana Zelizer, a distinguished social scientist and prize-winning author, shows how people have invented their own forms of currency, earmarking money in ways that baffle market theorists, incorporating funds into webs of friendship and family relations, and otherwise varying the process by which spending and saving takes place.

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