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Graeber's point was that barter is not used in small societies. In debt-ed social relations were the means of negotiated trade. Paying for things with currenc
by petermcneeley 8y ago
Graeber's point was that barter is not used in small societies. In debt-ed social relations were the means of negotiated trade. Paying for things with currency was how one dealt with strangers in a spot trade. In our world most interactions are alienated transactions with strangers, thus money is used. https://www.youtube.com/watch?v=CZIINXhGDcs&feature=youtu.be&t=1500 https://www.youtube.com/watch?v=CZIINXhGDcs&feature=youtu.be...
- winstonewert 8y agoIt has been a number of years since I read the book, but my recollection was that he argued that money was invented to quantify debt and that any kind of currency was a later invention.
- qubex 8y agoLikewise.