ABSTRACT
3. Curiously, Granovetter makes no reference to Mauss in his now classical article, ‘Economic action and social structure’, but his main contention that ‘the level of embeddedness of economic behaviour is lower in nonmarket societies than claimed by susbtantivists and development theorists, and has changed less with “modernization” than they believe, but I argue also that this level has always been and continues to be more substantial than is allowed for by formalists and economists’ (1985:
