Excerpt

One fracture that marks modernity is the disjunction between the economic and the political. This separation is the culmination of a long process of “disembedding,” through which traditional patterns of production, exchange, and consumption become extracted from the network of relations and practices that characterize social interaction in former regimes, such as those marking status, honor, obligation, and promise.¹ The market eventually comes to be conceived as a thing-in-itself to be theorized and managed. Presented as distinct from bonds of reciprocity and culturally coded exchanges, economy is also extracted from the realm of political sovereignty.² Signature forces of modernity, including…