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He also ignores many situations were Barter does happen. He ignores that in economic history economists and others had already studied and written on things lik
by panick21_ 3y ago
He also ignores many situations were Barter does happen. He ignores that in economic history economists and others had already studied and written on things like gifts and credit. He ignores much of the moral philosophy of the Scottish enlightenment in general.
Frankly, he simply hates economics and economists. While it is absolutely clear that he has never actually read in economics or economic history. I think he actually literally believes that reading economics will 'taint' him.
Let look at an example. When people pointed to Menger work on some of the things that he praises anthropologists for. He responded with 'all Menger did was some math' or something along those lines. This is pretty baflfing, because anybody with even the most basic knowlage of economic history, knows that this is not true. So where did Graeber get this ridiculous idea?
Turns out, after being informed of these things, he likely just googled the name and found Karl Menger (https://en.wikipedia.org/wiki/Karl_Menger https://en.wikipedia.org/wiki/Karl_Menger) who turns out is a mathematician. But he is the son of the economist 'Carl Menger'.
And why this is particularly bad, is because Carl Menger is one of the most famous economists, being part of the 'marginal revolution' in economics. And further, he is well known to have written on the exact topics discuss in Graeber book. Basically he would be on of the top 3 people you would start to read if you are interest in the subject of money, money formation, various forms exchange and so on.
All Graeber seems to actually know is a small part of Adam Smith, and even then he is doing his own interpretation. He ignores all other works of Smith and literally all other works by economist.
And even ignoring all those discussion, the conclusion Graeber ends up drawing from this whole debate doesn't actually support by the evidence. So the whole discussion is kind of pointless.