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Debt: The First 5,000 Years

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Debt: The First 5,000 Years

by David Graeber

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Paperback

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Synopsis

Economic history states that money replaced a bartering system, yet there isn't any evidence to support this axiom. Anthropologist Graeber presents a stunning reversal of this conventional wisdom. For more than 5000 years, humans have used elaborate credit systems to buy and sell goods. Since the beginning of the agrarian empires, humans have been divided into debtors and creditors. Through time, virtual credit money was replaced by gold and the system as a whole went into decline. This fascinating history is told for the first time.

Product details

ISBN:
9781612191812
Category:
Economic History
Format:
Paperback
Publication Date:
2012-06-12
Publisher:
Melville House Publishing
Country of origin:
United States
Pages:
534
Dimensions (mm):
213x143mm
Weight:
508g

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