Now you're just moving the goalposts. My response is directed towards the original claim made in Graeber's essay, not your liberal interpretations thereof.
If you use neoclassical assumptions like you did, his claims are absurd. However, we live in the real world, not some magic fantasy of perfect markets, perfect competition and zero transaction costs.
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Now you're just moving the goalposts. My response is directed towards the original claim made in Graeber's essay, not your liberal interpretations thereof.
If you use neoclassical assumptions like you did, his claims are absurd. However, we live in the real world, not some magic fantasy of perfect markets, perfect competition and zero transaction costs.