Philip Pilkington interviews David Gaeber, economic anthropologist and author of the recently published, Debt: The First 5,000 Years (Melville House, 2011). This is one of the best pieces I have encountered on the history of money. It is a must-read, IMHO, especially for anyone interested in MMT and the basis for its Chartalist theory of money. Gaeber also participates extensively in the comments. Kudos to Yves Smith of Naked Capitalism for hosting it.
John Emerson posted Attendant Lords, which examines the "professionalization" of philosophy and also of economics. He finds that just as analytic philosophy has come to dominate US academia, commandeering the professional universe of discourse, so too have "the modelers" in economics.
The result is that both disciplines have become alienated from their roots and isolated from reality in their pursuit of rigor and analytic "purity." More ominously, the result is a dogmatism that is reminiscent of the religious dogma and hierarchical dominance from which free thinkers and scientists struggled to liberate themselves in the past. Interestingly, David Graeber lost his position at Yale apparently as a result of this syndrome. Not for everyone, maybe, but for those interested in the state of intellectual debate in these disciplines, this is for you. I comment on my experience, and Emerson responds.
(h/t to Tadit Anderson of Re-imagining Economics for posting the section on economics and alerting me to Emerson's work.)