ANTC20H3 Lecture Notes - Lecture 10: Credit Theory Of Money, Conditionality, Virtue Ethics
Document Summary
Graeber: debt is an economic thing and should not be equated w/ morality. Lambeck: utlitaran drive free market theory: greatest good for the greatest number, kantian there is an absolute right thing, virtue ethic (ecclest. ): no absolute but striving to know how you want to live (more context dependent) based on that decided what is good in this situation rather than positing there is an absolute good. Financial concerns/dynamics can be at macro country in south af. or micro w/i a family - even in those circum. embedded in larger geopolitics. Assuming there are three ways of value (symb, econ. , value) - lambeck: problems in translation from language to lang. , cult. to cult. or even w/i a given society; problematic to make everything quantifiable. Chile article: poor family living in chile who adopted neolib. reforms to make money and credit easy to obtain, encour. to borrow - graebre: money has two faces - commodity & credit.
