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Debt: the first 5,000 years

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"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"--Publisher's description.
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ISBN:
9781933633862
9781612194196
9781612194202
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Grouping Information

Grouped Work ID31297f5f-e562-c3b3-e913-2af4750ec78c
Grouping Titledebt the first 5 000 years
Grouping Authordavid graeber
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2021-03-03 02:27:12AM
Last Indexed2021-03-03 02:55:12AM
Novelist Primary ISBN9781933633862

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subject_facetDebt -- History
Financial crises -- History
Money -- History
title_displayDebt : the first 5,000 years
title_fullDebt : the first 5,000 years / David Graeber
Debt The First 5,000 Years
title_shortDebt
title_subthe first 5,000 years
topic_facetBusiness
Debt
Financial crises
History
Money
Nonfiction