Debt: The First 5,000 Years

by David Graeber

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Book cover for Debt

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The groundbreaking international best-seller that turns everything you think about money, debt, and society on its head—from the “brilliant, deeply original political thinker” David Graeber (Rebecca Solnit, author of Men Explain Things to Me)
 
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 that we also first encounter a society divided into debtors and creditors—which lives on in full force to this day.

So says anthropologist David Graeber in a stunning reversal of conventional wisdom. He shows that arguments about debt and debt forgiveness have been at the center of political debates from Renaissance Italy to Imperial 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.
  • ISBN10 1933633867
  • ISBN13 9781933633862
  • Publish Date 28 July 2011 (first published 12 July 2011)
  • Publish Status Out of Print
  • Out of Print 11 February 2013
  • Publish Country US
  • Imprint Melville House Publishing
  • Format Hardcover
  • Pages 540
  • Language English