Debt: the first 5,000 years

Book Cover
Average Rating
Publisher:
Gildan Audio,
Pub. Date:
2012.
Edition:
Unabridged.
Language:
English
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.
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ISBN:
9781596599376
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Grouping Information

Grouped Work ID a43f4750-bb22-60f2-bbd2-6833a4e2df09
full_title debt the first 5 000 years
author graeber david
grouping_category book
lastUpdate 2017-09-02 05:45:48AM

Solr Details

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auth_author2 Gardner, Grover.
author Graeber, David.
author2-role Gardner, Grover.|Narrator, hoopla digital.
author_display Graeber, David
display_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.
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subject_facet Debt -- History, Financial crises -- History, Money -- History
title_display Debt : the first 5,000 years
title_full Debt : the first 5,000 years [electronic resource] / David Graeber
title_short Debt :
title_sub the first 5,000 years
topic_facet Debt, Financial crises, History, Money