[lbo-talk] The German Debate on the Monetary Theory of Value

Doug Henwood dhenwood at panix.com
Wed Dec 28 06:53:30 PST 2011

On Dec 28, 2011, at 9:47 AM, nathan tankus wrote:

> "The logical and historical precedence of commodity money over fiat
> money (I know Graeber thinks differently, but I am unimpressed with
> his understanding of the issues, and I'm past the mid point of his
> book) is akin to the logical and historical precedence of commodity
> production with respect to capitalist production proper. " really? you
> don't think he has a real grasp of the issues? I find that surprising.
> perhaps we can have this conversation when you finish the book.

I'd like to develop this, and I'm away from the book and my mind is on vacation, but does Graeber really distinguish how debt works under capitalism from how it works in non-capitalist societies?


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