Quotes about graeber Quotes
7 quotes
"Graeber is no Braudel. The latter’s epic history of the rise of capitalism (with the luxury, it must be said, of covering just four centuries in three volumes) also takes a pointillistic approach, but is full of actual data, diagrams, and maps, organized to give us a real sense of the material conditions of life and the operations of economic networks. Graeber stays almost entirely within the domain of “moral universes” and discourse. We don’t get a sense of just how the moral economy of Merrie England was undermined, except that the powers-that-were didn’t get it, didn’t like it, and imposed their own morality somehow. He engages very selectively with the literature on the “rise of capitalism” — how else to explain his portrayal of the news that sophisticated banking and finance long predated the rise of the factory system and wage labor as if it were a challenge to all preconceptions? This “peculiar paradox” has been a commonplace of the Marxian literature since Marx."
"Not everything Graeber writes is wrong—some of it is right, and some of it is quite good. But nothing David Graeber writes is trustable."
"What Graeber chooses to ignore is that banks do not operate magically; they make loans and create deposits in seeking to earn profits; their decisions are not magical, but are oriented toward making profits. Whether they make good or bad decisions is debatable, but the debate isn’t about a magical process; it’s a debate about theory and evidence. Graeber describe how he thinks that economists think about how banks create money, correctly observing that there is a debate about how that process works, but without understanding those differences or their significance."
"It’s really important for people to understand that Graeber is like James Lindsay or Helen Pluckrose or Peter Boghossian when it comes to engaging with economics. I make no judgement of his other work but he’s not a good faith commenter on the field."
"So, if we had the kind of disciplinary modesty richly merited by our performance as a profession over the past few years, economists would recognise that we owe an intellectual debt to Graeber. From now on, we can treat money primarily as a store of value, and stop worrying about how it works as a medium of exchange."
"Graeber and the rest of the long parade of intellectuals lining up to denounce economics seem to have little in the way of credible alternatives. Heaping scorn upon the discredited theories of the past is fine, but it offers little practical guide to the future. There are plenty of good and constructive criticisms to be made of economics, and especially of business cycle theory, but caricaturing what economists do and believe is not helpful."
"There are lots of excellent heterodox critiques of economics, but almost all are provided by economists. I presume this is true of other fields as well. If a problem were obvious enough to be spotted by outsiders, chances are it would already be the subject of dispute within the field. An anthropologist named David Graeber provides an excellent example of what goes wrong when you don’t understand the field you are criticizing."