Debt: The First 5,000 Years [NOOK Book]

NOOK Book (eBook)
$17.60
BN.com price
$32.00 List Price (Save 45%)

Available on NOOK devices and apps

  • Nook Devices
  • NOOK
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for iPad
  • NOOK for iPhone
  • NOOK for Android
  • NOOK for Android (Tablet)
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK Study
  • NOOK for PC
  • NOOK for Mac

Want a NOOK? Explore Now

Overview

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 ...
See more details below

Overview

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.

Product Details

  • ISBN-13: 9781612190983
  • Publisher: Melville House Publishing
  • Publication date: 7/12/2011
  • Sold by: Barnes & Noble
  • Format: eBook
  • Sales rank: 39,460
  • File size: 3 MB

Meet the Author

David Graeber teaches anthropology at Goldsmiths, University of London. He is the author of 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, Mute, and The New Left Review. In 2006, he delivered the Malinowski Memorial Lecture at the London School of Economics, an annual talk that honors “outstanding anthropologists who have fundamentally shaped the study of culture.”

In the summer of 2011, he worked with a small group of activists and Adbusters magazine to plan Occupy Wall Street. Bloomberg Businessweek has called him an "anti-leader" of the movement. The Atlantic wrote that he "has come to represent the Occupy Wall Street message... expressing the group's theory, and its founding principles, in a way that truly elucidated some of the things people have questioned about it."


From the Hardcover edition.

Table of Contents

1 On The Experience of Moral Confusion 1

2 The Myth of Barter 21

3 Primordial Debts 43

4 Cruelty and Redemption 73

5 A Brief Treatise on the Moral Grounds of Economic Relations 89

6 Games with Sex and Death 127

7 Honor and Degradation, or, On the Foundations of Contemporary Civilization 165

8 Credit Versus Bullion, And the Cycles of History 211

9 The Axial Age (800 BC-600 AD) 223

10 The Middle Ages (600 AD-1450 AD) 251

11 Age of the Great Capitalist Empires (1450-1971) 307

12 (1971-The Beginning of Something Yet to Be Determined) 361

Notes 393

Bibliography 455

Index 493

Customer Reviews

Average Rating 5
( 9 )

Rating Distribution

5 Star

(9)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or Leave Anonymously

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identiy on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

We're sorry, but penname is already taken.

Please select one of the following:
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

penname is available!

By visiting the BN.com website or marking a purchase on BN.com, a User is deemed to have accepted the Terms of Use.

Continue Anonymously

Welcome, penname

You have successfully created your Pen Name. Start enjoying the benefits of the BN.com Community today.

Sort by: Showing all of 6 Customer Reviews
  • Posted November 22, 2011

    more from this reviewer

    Read this book ... several times!

    This book evokes a radical rethinking of self in relation to group. Graeber contrasts the concept of "human economy" with "debt society" to accomplish this. Graeber understands "human economy" as alternative to "debt society," which is based fundamentally on violence and power.

    Graeber's ideas give new meaning not just to the nature of debt, but also to the personal, intellectual and spiritual bondage caused by the warped ideas of self that necessarily emerge from debt societies. Graeber contrasts violent, power-based debt-society with human-economy where self emerges from the shared experience of a web of family and societal relationships, which he contrasts with debt society's violent severing of personal connections.

    David Graeber's integrating premise for this book is that debt reflects culture's origin in violence. Graeber shows how violence pervades even individual self-image through dualistic, cultural myths, for example we are taught to see our minds and our bodies as separate entities!

    Reading the book, I recommend several readings, I am reminded of the ideas of Stanford linguist Rene Girard and theologians James Alison and Gil Bailie. All three explore human relations through the twin lenses of human desire and mimetic violence, which they find at the heart of the sacred structures of all human-created cultures.

    3 out of 3 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted April 14, 2012

    Provocative and enlightening

    The author confirmed all my deepest suspicions about the nature of debt and capitalism.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted April 8, 2012

    No text was provided for this review.

  • Anonymous

    Posted July 14, 2011

    No text was provided for this review.

  • Anonymous

    Posted August 27, 2011

    No text was provided for this review.

  • Anonymous

    Posted December 29, 2011

    No text was provided for this review.

Sort by: Showing all of 6 Customer Reviews

If you find inappropriate content, please report it to Barnes & Noble
Why is this product inappropriate?
Comments (optional)
500 character limit