cshalizi + graeber.david   4

Too Big To Fail: The First 5000 Years — Crooked Timber
"although the discussion of socially embedded exchange is incredibly interesting and illuminating, I think anyone who reads the passage above is going to end up sympathising with the people in the economics department who say that you really can’t organise a modern industrial society on the basis of organising a wife-swapping party every time you want to buy a blanket."
dsquared  economics  economic_history  debt  graeber.david 
february 2012 by cshalizi
The world economy is not a tribute system — Crooked Timber
Indeed. (Let me add that the idea of explaining the US current account deficit as imperial tribute is an idea which occurs to many bright, cynical 19 year olds, but just does not work when you think it through.)
economics  political_economy  graeber.david  farrell.henry  american_hegemony  us-iraq_war 
february 2012 by cshalizi

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