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Debt: The First 5000 Years, Chapter 1: On The Experience of Moral Confusion. David Graeber Audiobook
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Debt: The First 5000 Years. David Graeber Audiobook
Chapter 1: On The Experience of Moral Confusion
"1) I do not make debt the main factor of social development. I merely make it the main topic of my book. 2) that slavery and wage labor are forms of exploitation of labor is self-evident. It is absurd to say I don't recognize it. This is like insisting that every time one mentions fascists one has to also clarify that they are right-wing. [...] 5) I do not reject the labor theory of value. I simply note that neoclassical economists, with whom I clearly disagree on almost everything, reject it. In fact I've written an entire book on the labor theory of value. I simply don't emphasize that body of my own theory here. [...] 8) I do not propose a vision for the future. I say quite specifically that I am not going to propose a vision for the future. In fact I say I am making no policy proscriptions at all other than the idea of a clean-slate. Your writing here is disgraceful and you owe me an apology. You've just made things up off the top of your head, based on your (almost entirely incorrect) assumptions about my politics and what you think I would envision Pure hostile extrapolations. [...] Maybe rather than condemn the book, you should reflect on how you managed to read a book by a theorist who has written extensively in favor of a labor theory of value, uses an explicitly post-Workerist Marxist approach to the current economic crisis, and looks forward to the abolition of the state and capitalism, but just wasn't explicitly emphasizing those aspects in the text, and ask yourself how you so completely missed it all. Because this is really an embarrassment."
"[...] The book was reviewed by way of a debate in radical left Jacobin magazine. In the first review, Mike Beggs wrote that while "there is a lot of fantastic material in there", he "found the main arguments wholly unconvincing...Graeber is a wonderful storyteller. But the accumulation of anecdotes does not add up to an explanation, and certainly not one that would overturn the existing wisdom on the subject, conventional or otherwise". In response, J. W. Mason defended the book. He noted that the book's "key themes are in close harmony with the main themes of heterodox economics work going back to Keynes," and that while it is "no substitute for Marx, Keynes and Schumpeter, for Minsky and Leijonhufvud, for Henwood and Mehring... it is a fine complement." He also underscored that Beggs' criticisms are drawn mainly from conservative streams of economics."
Contents
01: On The Experience of Moral Confusion
02: The Myth of Barter
03: Primordial Debts: Is Money a Commodity or an IOU?
04: Cruelty and Redemption
05: A Brief Treatise on the Moral Grounds of Economic Relations
06: Games with Sex and Death
07: Honor and Degradation, or, On the Foundations of Contemporary Civilization
08: Credit Versus Bullion, And the Cycles of History
09: The Axial Age (800 BC - 600 AD)
10: The Middle Ages (600 AD - 1450 AD)
11: Age of the Great Capitalist Empires (1450 - 1971)
12: (1971 - The Beginning of Something Yet to Be Determined)
Chapter 1: On The Experience of Moral Confusion
"1) I do not make debt the main factor of social development. I merely make it the main topic of my book. 2) that slavery and wage labor are forms of exploitation of labor is self-evident. It is absurd to say I don't recognize it. This is like insisting that every time one mentions fascists one has to also clarify that they are right-wing. [...] 5) I do not reject the labor theory of value. I simply note that neoclassical economists, with whom I clearly disagree on almost everything, reject it. In fact I've written an entire book on the labor theory of value. I simply don't emphasize that body of my own theory here. [...] 8) I do not propose a vision for the future. I say quite specifically that I am not going to propose a vision for the future. In fact I say I am making no policy proscriptions at all other than the idea of a clean-slate. Your writing here is disgraceful and you owe me an apology. You've just made things up off the top of your head, based on your (almost entirely incorrect) assumptions about my politics and what you think I would envision Pure hostile extrapolations. [...] Maybe rather than condemn the book, you should reflect on how you managed to read a book by a theorist who has written extensively in favor of a labor theory of value, uses an explicitly post-Workerist Marxist approach to the current economic crisis, and looks forward to the abolition of the state and capitalism, but just wasn't explicitly emphasizing those aspects in the text, and ask yourself how you so completely missed it all. Because this is really an embarrassment."
"[...] The book was reviewed by way of a debate in radical left Jacobin magazine. In the first review, Mike Beggs wrote that while "there is a lot of fantastic material in there", he "found the main arguments wholly unconvincing...Graeber is a wonderful storyteller. But the accumulation of anecdotes does not add up to an explanation, and certainly not one that would overturn the existing wisdom on the subject, conventional or otherwise". In response, J. W. Mason defended the book. He noted that the book's "key themes are in close harmony with the main themes of heterodox economics work going back to Keynes," and that while it is "no substitute for Marx, Keynes and Schumpeter, for Minsky and Leijonhufvud, for Henwood and Mehring... it is a fine complement." He also underscored that Beggs' criticisms are drawn mainly from conservative streams of economics."
Contents
01: On The Experience of Moral Confusion
02: The Myth of Barter
03: Primordial Debts: Is Money a Commodity or an IOU?
04: Cruelty and Redemption
05: A Brief Treatise on the Moral Grounds of Economic Relations
06: Games with Sex and Death
07: Honor and Degradation, or, On the Foundations of Contemporary Civilization
08: Credit Versus Bullion, And the Cycles of History
09: The Axial Age (800 BC - 600 AD)
10: The Middle Ages (600 AD - 1450 AD)
11: Age of the Great Capitalist Empires (1450 - 1971)
12: (1971 - The Beginning of Something Yet to Be Determined)
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