Debt : The First 5000 Years
by David Graeber
Editor: Melville House Publishing
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Now in paperback book, updated and expanded edition: David Graeber “fresh” editionfascinatingfor reflectionand extremely timely” (Financial Times) of the history of debt from Here anthropologist David Graeber presents a superb reversal of conventional wisdom: he shows that before there was money, there was debt.For more than 5,000 years, since the early days of the first agrarian empires, humans have used credit systems to buy and sell goods–that is, long before the invention of coins or money.At that time, Graeber argued that we also had the first meeting, a company divided into debtors and creditors.Graeber shows that arguments about debt and debt cancellation have been at the centre of political debates from Italy to China, as well as countless sparks of insurgency.He also brilliantly demonstrated that the language of the ancient works of law and religion (words such as “guilt”,”sin” and “redemption”) comes largely from ancient debates on debt, and the very form of our most basic ideas of good and evil.We’re still fighting these battles today, unknowingly.
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