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Debt: The First 5,000 Years

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Challenging conventional wisdom on debt's history.

If you've ever felt that there's more to our economy than the cash in our wallets, "Debt: The First 5000 Years" could change the way you see the world. David Graeber doesn't just recount history; he digs deep into the roots of our financial systems and societal norms. Pick up this book, and you might find yourself questioning everything you thought you knew about money, power, and ethics. Perfect for someone who loves to explore alternative perspectives on seemingly fixed systems.

  • Bread and Roses Award (2012)
Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
New

Debt: The First 5,000 Years

Regular price $18.90
Unit price
per
Compare to estimated retail price: S$28.00  
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ISBN: 9781612194196
Authors: David Graeber
Publisher: Melville House
Date of Publication: 2014-10-28
Format: Paperback
Goodreads rating: 4.21
(rated by 26491 readers)

Description

Before there was money, there was debt. Every economics textbook says the same thing: Money was invented to replace onerous and complicated barter systems—to relieve ancient people from having to haul their goods to market. The problem with this version of history? There’s not a shred of evidence to support it. Here anthropologist David Graeber presents a stunning reversal of conventional wisdom. He shows that for more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods—that 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. Debt: The First 5,000 Years is a fascinating chronicle of this little known history—as well as how it has defined human history, and what it means for the credit crisis of the present day and the future of our economy.
 

Challenging conventional wisdom on debt's history.

If you've ever felt that there's more to our economy than the cash in our wallets, "Debt: The First 5000 Years" could change the way you see the world. David Graeber doesn't just recount history; he digs deep into the roots of our financial systems and societal norms. Pick up this book, and you might find yourself questioning everything you thought you knew about money, power, and ethics. Perfect for someone who loves to explore alternative perspectives on seemingly fixed systems.

  • Bread and Roses Award (2012)
Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.