Delong hats
OK, Nashville’s not on the east coast, but in the title I’m trying to get across that Brad DeLong and I see eye-to-eye when it comes to David Graeber’s magisterial Debt: The First 5, 000 Years.
When I first posted my Dan Hewitt pointed us to Brad DeLong’s negative reactions (2) to Graeber as well. Check them out; they’re funny. To give you the punchline, Graeber claims that Apple computer was founded “by (mostly Republican) computer engineers who broke from IBM in Silicon Valley in the 1980s, forming little democratic circles of twenty to forty people with their laptops in each other’s garages…” So if you think about it for not too long, you will realize that unless he means the biological “laptop, ” this is clearly a bogus claim.
Now for the purpose of my post today. DeLong quotes from Graeber’s exasperated defense of his book, regarding the nonsense Apple anecdote:
Allow me to reassure the reader: You have absolutely no idea how frustrating this is, especially as the stupid line has been held out, reproduced, sent around in every conceivable way to suggest that nothing else in the book is likely to be factually accurate To which all I can reply is: well, notice how this is the only quote in the book that happens with. That one sentence gets repeated a thousand times. No other one does. That’s because it’s the only sentence flagrantly wrong like that.
Source: consultingbyrpm.com
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@delong Sir, hats off for pointing out the error in Baumol's convergence theory. Any other claims to fame? :)
