Debt

The First 5,000 Years

By David Graeber
(Melville House Publishing, Paperback, 9781612191294, 534pp.)

Publication Date: November 27, 2012

List Price: $22.00*
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Description
Now in paperback: David Graeber's 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 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.



About the Author
David Graeber is Reader in Social Anthropology at Goldsmiths, University of London. He was previously associate professor of anthropology at Yale University. He has published widely on his research in Madagascar and on anthropological theories of value.
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