A Prayer for the Poor

David Graeber’s Debt: The First 5000 Years (2011) is a strange, brilliant, frustrating, and perhaps indispensable book. It remains controversial among economists, of course, if only out of the resentment some of them feel at the very notion that an anthropologist might presume to intrude on their putative area of expertise, and to do so on so vast a historical scale. It continues, moreover, to strain the credulity of those who cannot imagine how anyone could express such doubts regarding the practical inevitability of a monetary economic system, or could seriously propose anarchism as a real alternative to the injustices of capitalism. And, of course, there are those who not unreasonably accuse Graeber of offering a grandly buoyant critique of the contradictions and cruelties of capitalist culture without the ballast of a few proposed solutions. But, exotic as Graeber’s book was as an intervention in economic analysis, at its heart lay a rather ordinary observation, one that was made just as grandly a couple years later by Thomas Piketty in his magisterial treatise Capital in … Continue reading A Prayer for the Poor