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

Doug Henwood dhenwood at panix.com
Wed Dec 28 07:27:31 PST 2011


On Dec 28, 2011, at 10:21 AM, nathan tankus wrote:


> "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? "
>
> I think so.

But this is pretty ancient stuff that you quote. And mostly the debt = bondage aspects. The notion of credit stretching the limits to capital is missing, isn't it?

Doug



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