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David Graeber was a brilliant economic anthropologist who fought against the dogmas of mainstream economics, especially through books like Debt: The First 5000 Years. In this video I explain his perspective on three different moral logics within economic life – everyday communism, reciprocity and hierarchy – and show how they can help us to understand different economic situations.

Chapters

• 0:00 David Graeber’s Debt
• 0:35 Everyday communism
• 1:19 Reciprocity and exchange
• 1:54 Hierarchy
• 3:03 Example 1: Narco gangs
• 3:55 Example 2: Food
• 4:55 Example 3: Airports
• 6:20 The moral logics within global capitalism