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Produktbeschreibung

The First 5,000 Years
Erscheinungsjahr: 2011
Von Graeber, David

An important historical work on debt, by a serious academic. Sure to be course adopted and widely read by activists. There is also a strong possibility that the book will break out, given the importance of the topic to the present moment. Before there were coins or paper money, there was debt: Where it came from and how it affects us today.

Approaches the current economic crisis from a historical perspective that goes beyond what is currently in discussion. Graeber covers not only the rise of financial capital (a la Niall Ferguson''s The Ascent of Money, or Liaquat Ahamed''s Lord of Finance) but the origins of virtual money, which Graeber''s ties to the origins of debt itself.
Author is a young articulate academic, who has already been featured in the New York Times, and on Charlie Rose. He also writes for Harper''s and The Nation. "His writings on anthropological theory are outstanding. I consider him the best anthropological theorist of his generation from anywhere in the world." (Maurice Bloch, Professor of Anthropology at the LSE and European Professor at the Collège de France)

Kurzbeschreibung

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Kurzbeschreibung

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.


From the Hardcover edition.

Kurzbeschreibung

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