Graeber Explained: A Series

  1. The first will be about Graeber’s theory of money and currency, and the origins of both. I may or may not choose to split this into two parts if I feel the myth of barter needs a better, more dedicated explanation.
  2. I’ll follow up with one implication of this — that cryptocurrency can never function as an actual currency.
  3. I’d also like to cover in detail the concept of “human economies”, where although cattle and other major items can be used for “bride price”, it’s fallacy to interpret this as actually being able to purchase a human being; bride price money was and is never the same as clothing, produce, or haircut money.
  4. I definitely want to cover Graeber’s definition of capitalism in at least a short piece, which is simply the definition that capitalism assumes endless growth (related to interest-bearing loans). I found that this was a particularly clarifying and insightful definition because it does not ask you to imagine a world without markets, but simply without the idea that everything should grow at 5% per year.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Selam G.

Selam G.

MIT grad, robotics engineer, mixed. A place I write.