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Debt

The First 5,000 Years

Debt by David Graeber, ISBN: 9781612191294
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ISBN: 9781612191294
Publisher: Melville House Publishing
Published: 9 January, 2012
Format: Paperback
Language: English
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Editions: 31 other editions of this product

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Debt

The First 5,000 Years

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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.

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