Toward an Anthropological Theory of Value: The False Coin of Our Own Dreams

by David Graeber

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This volume is the first comprehensive synthesis of economic, political, and cultural theories of value. David Graeber reexamines a century of anthropological thought about value and exchange, in large measure to find a way out of ongoing quandaries in current social theory, which have become critical at the present moment of ideological collapse in the face of Neoliberalism. Rooted in an engaged, dynamic realism, Graeber argues that projects of cultural comparison are in a sense necessarily show more revolutionary projects: He attempts to synthesize the best insights of Karl Marx and Marcel Mauss, arguing that these figures represent two extreme, but ultimately complementary, possibilities in the shape such a project might take. Graeber breathes new life into the classic anthropological texts on exchange, value, and economy. He rethinks the cases of Iroquois wampum, Pacific kula exchanges, and the Kwakiutl potlatch within the flow of world historical processes, and recasts value as a model of human meaning-making, which far exceeds rationalist/reductive economist paradigms. show less

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2 reviews
Interesting book. It's mostly pretty readable - more so than most academic books, although there are some difficult parts - although it's definitely focused towards a somewhat more academic audience and you'll have problems unless you understand some basic anthropological concepts. I like his talk about focusing on actions and potentials creating a society rather than the common idea of seeing rules that get put into practise with a clear separation between the two. His more typical anthropological discussions are fascinating. Pointing out that market ideology prioritises individual consumption as the only pleasure when almost all pleasures are really social (for example love, friendship) is important to show how market ideology is a show more poor understanding of "human nature". The idea of separation between external visible power - a representation of how you want to be treated based on how people have treated you in the past - and internal invisible power - the capacity for action based on internal powers - is interesting and useful. There's lots of individual interesting stuff.

However, he sort of doesn't really have a conclusion or summation of what he's been saying anywhere. I understood some points he was making but I felt a bit confused as to what he really wanted the take away points to be and how exactly he wanted to improve discourse around value. The ending just sort of peters out. I didn't really feel like I got a coherent set of ideas, more like lots of stuff that's kind of separate. I mean that's obviously still worthwhile, just a bit frustrating cause I feel it could have been improved with another 10 pages focusing as a retrospective and linkage.

Ultimately: good, worthwhile book if you're interested in anthropology, leftist politics, and ideas about value and how society is constructed, but let down a bit by a non-ending and a lack of clarity in how everything ties together. Good book but not essential.
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For anyone interested in our concepts of Value - how we value our values - this is a MUST READ book by the anthropologist who coined the term 'We are the 99%"

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97+ Works 12,807 Members
David Rolfe Graeber was born February 12, 1961 in New York. He was an anthropologist, anarchist, author, and a professor at the London School of Economics. He was an outspoken critic of economic and social inequality. He coined the phrase "We are the 99 Percent,' the slogan of the Occupy Wall Street movement." He earned his BA in anthropology from show more State University of New York at Purchase in 1984. He earned his masters and doctorate from the University of Chicago. He did ethnographic research in central Madagascar which he used for his PhD thesis (1997). He was a prolific author. His books included Debt: The First 5000 Years (2011), The Democracy Project: A History, a Crisis, a Movement (2013), The Utopia of Rules (2015), Bullshit Jobs: A Theory (2018), and in fall 2021, Farrar, Straus & Giroux will publish The Dawn of Everything: A New History of Humanity, written with David Wengrow. David Graeber died on September 2, 2020 at the age of 59. (Bowker Author Biography) show less

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Canonical title
Toward an Anthropological Theory of Value: The False Coin of Our Own Dreams
Original title
Toward an Anthropological Theory of Value

Classifications

Genres
Anthropology, Economics, Nonfiction, General Nonfiction, Philosophy
DDC/MDS
303.3Society, government, & cultureSocial sciences, sociology & anthropologySocial processesCoordination and control
LCC
GN469.5 .G73Geography, Anthropology and RecreationAnthropologyAnthropologyEthnology. Social and cultural anthropologyCultural traits, customs, and institutionsIntellectual life
BISAC

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197
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166,287
Reviews
2
Rating
(3.96)
Languages
6 — English, French, German, Japanese, Spanish, Turkish
Media
Paper, Ebook
ISBNs
10
ASINs
4