Noah on David Graeber

“Graeber and the rest of the long parade of intellectuals lining up to denounce economics seem to have little in the way of credible alternatives. Heaping scorn upon the discredited theories of the past is fine, but it offers little practical guide to the future. There are plenty of good and constructive criticisms to be made of economics, and especially of business cycle theory, but caricaturing what economists do and believe is not helpful.”

“I am now angry at myself for paraphrasing the book, and trying to put theses into Graeber's mouth, because this is such a rambling, confused, scattershot book that I am doing you a disservice by making it seem more coherent than it really is. The problem of extreme disorganization is dramatically worsened by the way that Graeber skips merrily back and forth from things he appears to know quite a lot about to things he obviously knows nothing about. One sentence he'll be talking about blood debts and "human economies" in African tribes (cool!), and the next he'll be telling us that Apple Computer was started by dropouts from IBM (false!). There are a number of glaring instances of this. The worst is not when Graeber delivers incorrect facts (who cares where Apple's founders had worked?), it's when he uncritically and blithely makes assertions that one could only accept if one has extremely strong leftist mood affiliation.”