David Graeber Quote
For centuries now, explorers have been trying to find this fabled land of barter- none with success. Adam Smith set his story in aboriginal North America (others preferred Africa or the Pacific). In Smith’s time, at least it could be said that reliable information on Native American economic systems was available in Scottish libraries. But by mid-century, Lewis Henry Morgan’s descriptions of the six nations of the Iroquois, among others, were widely published- and they made clear that the main economic institution among the Iroquois nations were longhouses where most goods were stockpiled and then allocated by women’s councils, and no one ever traded arrowheads for slabs of meat. Economists simply ignored this information. Stanley Jevons, for example, who in 1871 wrote what has come to be considered the classic book on the origins of money, took his examples straight from Smith, with Indians swapping venison for elk and beaver hides, and made no use of actual descriptions of Indian life that made it clear that Smith had simply made this up. Around that same time, missionaries, adventurers, and colonial administrators were fanning out across the world, many bringing copies of Smith’s book, expecting to find the land of Barter. None ever did. They discovered and almost endless variety of economic systems. But to this day, no one has been able to locate a part of the world where the ordinary mode of economic transition between neighbours takes the form of I’ll give you twenty chickens for that cow.
For centuries now, explorers have been trying to find this fabled land of barter- none with success. Adam Smith set his story in aboriginal North America (others preferred Africa or the Pacific). In Smith’s time, at least it could be said that reliable information on Native American economic systems was available in Scottish libraries. But by mid-century, Lewis Henry Morgan’s descriptions of the six nations of the Iroquois, among others, were widely published- and they made clear that the main economic institution among the Iroquois nations were longhouses where most goods were stockpiled and then allocated by women’s councils, and no one ever traded arrowheads for slabs of meat. Economists simply ignored this information. Stanley Jevons, for example, who in 1871 wrote what has come to be considered the classic book on the origins of money, took his examples straight from Smith, with Indians swapping venison for elk and beaver hides, and made no use of actual descriptions of Indian life that made it clear that Smith had simply made this up. Around that same time, missionaries, adventurers, and colonial administrators were fanning out across the world, many bringing copies of Smith’s book, expecting to find the land of Barter. None ever did. They discovered and almost endless variety of economic systems. But to this day, no one has been able to locate a part of the world where the ordinary mode of economic transition between neighbours takes the form of I’ll give you twenty chickens for that cow.
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About David Graeber
Born in New York to a working-class family, Graeber studied at Purchase College and the University of Chicago, where he conducted ethnographic research in Madagascar under Marshall Sahlins and obtained his doctorate in 1996. He was an assistant professor at Yale University from 1998 to 2005, when the university controversially decided not to renew his contract. Unable to secure another position in the United States, Graeber entered an "academic exile" in England, where he was a lecturer and reader at Goldsmiths' College from 2008 to 2013, and a professor at the London School of Economics from 2013.
In his early scholarship, Graeber specialized in theories of value (Toward an Anthropological Theory of Value, 2002), social hierarchy and political power (Fragments of an Anarchist Anthropology, 2004, Possibilities, 2007, On Kings, 2017), and the ethnography of Madagascar (Lost People, 2007). In the 2010s he turned to historical anthropology, producing his best-known book, Debt: The First 5000 Years (2011), an exploration of the historical relationship between debt and social institutions, as well as a series of essays on the origins of social inequality in prehistory. In parallel, he developed critiques of bureaucracy and managerialism in contemporary capitalism, published in The Utopia of Rules (2015) and Bullshit Jobs (2018). He coined the concept of bullshit jobs in a 2013 essay that explored the proliferation of "paid employment that is so completely pointless, unnecessary, or pernicious that even the employee cannot justify its existence".
Although exposed to radical left politics from a young age, Graeber's direct involvement in activism began with the global justice movement of the 1990s. He attended protests against the 3rd Summit of the Americas in Quebec City in 2001 and the World Economic Forum in New York in 2002, and later wrote an ethnography of the movement, Direct Action (2009). In 2011, he became well known as one of the leading figures of Occupy Wall Street and is credited with coining the slogan "We are the 99%". His later activism included interventions in support of the Rojava revolution in Syria, the British Labour Party under Jeremy Corbyn and Extinction Rebellion.