Author(s)

Jeffrey R. Oliver¹, Lindon J. Robison²

¹Department of Sociology and Social Work, Brigham Young University-Idaho, Rexburg, USA.
²Department of Agricultural, Food and Resource Economics, Michigan State University, East Lansing, USA.

Commodification is a widely used and inconsistently defined concept. Inconsistent definitions of commodification, this paper observes, exist because alternative outcomes and consequences of converting relational goods into commodities are confused with the definition of commodification-social exchanges that convert relational goods into commodities. Distinguishing between alternative outcomes and consequences of commodification and the definition of commodification allows us to rationalize inconsistent definitions of commodification. In rationalizing inconsistent definitions of commodification, it is important to distinguish between commodities (goods valued for their ability to satisfy physical needs) and relational goods (goods valued at least in part for their connections to people which enables them to satisfy socio-emotional needs). The process of commodification is described as relocating relational goods from the humanistic sphere and relocating them in the commodity sphere.

Commodification, Decommodification, Social Exchange, Relational Goods, Defining Commodification

Oliver, J. and Robison, L. (2017) Rationalizing Inconsistent Definitions of Commodification: A Social Exchange Perspective. Modern Economy, 8, 1314-1327. doi: 10.4236/me.2017.811088.