David Graeber Quote
Part of the problem is the extraordinary place that economics currently holds in the social sciences. In many ways it is treated as a kind of master discipline. Just about anyone who runs anything important in America is expected to have some training in economic theory, or at least to be familiar with its basic tenets. As a result, those tenets have come to be treated as received wisdom, as basically beyond question (one knows one is in the presence of received wisdom when, if one challenges some tenet of it, the first reaction is to treat one as simply ignorant—You obviously have never heard of the Laffer Curve; Clearly you need a course in Economics 101—the theory is seen as so obviously true that no one exposed to it could possibly disagree). What’s more, those branches of social theory that make the greatest claims to scientific status—rational choice theory, for instance—start from the same assumptions about human psychology that economists do: that human beings are best viewed as self-interested actors calculating how to get the best terms possible out of any situation, the most profit or pleasure or happiness for the least sacrifice or investment—curious, considering experimental psychologists have demonstrated over and over again that these assumptions simply aren’t true.2
Part of the problem is the extraordinary place that economics currently holds in the social sciences. In many ways it is treated as a kind of master discipline. Just about anyone who runs anything important in America is expected to have some training in economic theory, or at least to be familiar with its basic tenets. As a result, those tenets have come to be treated as received wisdom, as basically beyond question (one knows one is in the presence of received wisdom when, if one challenges some tenet of it, the first reaction is to treat one as simply ignorant—You obviously have never heard of the Laffer Curve; Clearly you need a course in Economics 101—the theory is seen as so obviously true that no one exposed to it could possibly disagree). What’s more, those branches of social theory that make the greatest claims to scientific status—rational choice theory, for instance—start from the same assumptions about human psychology that economists do: that human beings are best viewed as self-interested actors calculating how to get the best terms possible out of any situation, the most profit or pleasure or happiness for the least sacrifice or investment—curious, considering experimental psychologists have demonstrated over and over again that these assumptions simply aren’t true.2
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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.