Debt – Updated and Expanded: The First 5,000 Years

By | January 11, 2018
Debt - Updated and Expanded: The First 5,000 Years Author David Graeber
ISBN-10 1612194192
ISBN-13 9781612194196
Year 2014-10-28
Pages 560
Language English
Publisher Melville House
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Now in paperback the updated and expanded edition David Graebers fresh fascinating thought provoking and exceedingly timely Financial Times history of debt Here anthropologist David Graeber presents a stunning reversal of conventional wisdom he shows that before there was money there was debt For more than 5 000 years since the beginnings of the first agrarian empires humans have used elaborate credit systems to buy and sell goodsthat is long before the invention of coins or cash It is in this era Graeber argues that we also first encounter a society divided into debtors and creditors Graeber shows that arguments about debt and debt forgiveness have been at the center of political debates from Italy to China as well as sparking innumerable insurrections He also brilliantly demonstrates that the language of the ancient works of law and religion words like guilt sin and redemption derive in large part from ancient debates about debt and shape even our most basic ideas of right and wrong We are still fighting these battles today without knowing it

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