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David Graeber Quote on Market Forces and Society

„The notion that a society could be regulated entirely by market forces is a utopian fantasy: an impossible dream generated by imagining what the world would be like if everyone's behavior was utterly consistent with some abstract moral ideal-in this case, economic theories that assume all human action is based on calculating, systematic, (but scrupulously law-abiding), greed.“

David GraeberDavid Graeber critiques the utopian idea that societies could be regulated entirely by market forces.
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David Graeber was an American anthropologist, anarchist, and activist known for his critical analyses of society and economics.

Critical reflection on the idea of a society governed solely by market forces, by David Graeber.


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David Graeber quote about market forces and society

David Graeber (1961–2020) was an American anthropologist, anarchist, and author. He was known for his work in political anthropology and involvement in social movements such as Occupy Wall Street. His critiques of economic and political systems gained international attention.

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"The marketplace is a wondrous institution. It harnesses the self-interest of each of us and puts it to work for the benefit of all. And it does so without intruding upon our desires, our privacy, or our freedom. It is regulation by reality, not by coercion." Harry Browne
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"The market is sovereign and in the magic economy of the small entrepreneur there is no authoritarian center... in the political sphere... the equilibrium of powers prevails, and hence there is no chance of despotism." Charles Wright Mills
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"Modern economics is a set of formal models and equations purporting to fully determine human behaviour, at least in the economic realm. And there is no way that uncertainty can be compressed into determinate mathematical models." Murray Rothbard
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"Not wishing to be disturbed over moral issues of the political economy, Americans cling to the notion that the government is a sort of automatic machine, regulated by the balancing of competing interests." Charles Wright Mills
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Quote image featuring Chris Hedges on unfettered capitalismCopyright © yoice.net – Quote Artwork
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"Unfettered capitalism is a revolutionary force that consumes greater and greater numbers of human lives until it finally consumes itself." Chris Hedges
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Quote image featuring Murray Rothbard on the free market and competitionCopyright © yoice.net – Quote Artwork
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"The essence and the glory of the free market is that individual firms and businesses, competing on the market, provide an ever-changing orchestration of efficient and progressive goods and services: continually improving products and markets, advancing technology, cutting costs, and meeting changing consumer demands as swiftly and as efficiently as possible." Murray Rothbard
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