Debt, David Graeber
Debt, David Graeber
5 Rating(s)
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Debt
The First 5,000 Years

Author: David Graeber

Narrator: Grover Gardner

Unabridged: 17 hr 22 min

Format: Digital Audiobook Download

Publisher: Gildan Audio

Published: 06/11/2013


Synopsis

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.

About David Graeber

David Graeber teaches anthropology at the London School of Economics. He is the author of Debt: The First 5,000 Years, Towards an Anthropological Theory of Value, Lost People: Magic and the Legacy of Slavery in Madagascar, Fragments of an Anarchist Anthropology, Possibilities: Essays on Hierarchy, Rebellion, and Desire, and Direct Action: An Ethnography. He has written for Harper's, the Nation, the Baffler, the Wall Street Journal, the Washington Post, and the New Left Review.


Reviews

Goodreads review by Void on June 25, 2020

I would call this an interesting but dangerous book. As opposed to other books in which every moment was a learning and enlightening enjoyment this book was exhaustingly tense because I found it to be a very confusing mix of dangerous (but plausible) ideas written in a smart way, and interesting his......more

Goodreads review by Mario the lone bookwolf on August 23, 2021

It´s so unintentional tragicomedy style that each kid can intuitively understand that there is a logical, inbuilt error in money, credit, and debt. As long as there was real, physical money and a limited amount of it, the system worked, but with more humans came paper and digital money and that made......more

Goodreads review by Nae on May 08, 2024

Graeber's work is not limited to a description of how debt operates, nor an original explanation why it evolved in the way it did and not in a radically different way. His book is mesmerizing to read or listen (Debt - audiobook version) it is full of insights and epiphanies, affectionate, and energe......more

Goodreads review by Kevin on November 14, 2024

Human Economics 101… Preamble: --2020-09-03 update: R.I.P. David Graeber (age 59); I’ve yet to read a more talented writer. We will keep the inspiration going. --I remember first reading Chomsky as my step into adulthood (in my eyes), when I finally took charge of my own education and was privileged t......more

Goodreads review by Caitlin on June 17, 2012

I think of Goodreads stars as the following: 1, shouldn't have been published; 2, terrible; 3, pretty good; 4, really good; 5, everyone should read this (because it's eye-opening, incredibly skillful, and/or beautiful). Debt is a five-star book. Graeber's history encompasses not just history, but anth......more