Popular quotes “I tell you I'm tired of hearing it. Graeber situates the emergence of credit within the rise of class society, the destruction of societies based on 'webs of mutual commitment' and the constantly implied threat of physical violence that lies behind all social relations based on money." But Graeber starts way before any other book I've ever read on the subject. | 490g Debt-History. --Cory Doctorow, BoingBoing "One of the year's most influential books.
For the most part, gold and silver got stockpiled in monasteries and temples, or was minted by kings primarily in order to fund armies for local conflicts.
Each “side” of money is a It’s helpful to articulate this thesis as essentially “Anti-Adam Smith.” The second thesis of the book is that these two positive feedback cycles are not in equilibrium with each other. There ain't nothing that happens to a person that ain't that person. Graeber seems to consider those who disagree with him as either naive, blindsided by economic theory, or simply greedy. What are the functions of Debt? In To summarize this view, the foundation of the human economy is built on bartering and swapping for mutual benefit: it makes us human, and let us specialize. 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 shares a similar problem with Niall Fergeson's completely unreadable "the Ascent of Money:" it mixes in the author's politics and political leanings with history to give everything this weird political sheen (in this case left to Fergeson's right.) Please enter manually:","bd_js_keep_typing_to_refine_search_results":"Keep typing to refine the search results","bd_js_top_categories":"Top Categories","bd_price_save":"Save {0}","bd_js_name_only_letters":"Sorry, full name can only contain letters","bd_js_show_more":"show more","bd_js_enter_valid_email_address":"Please enter a valid email address","bd_js_enter_address_manually":"Enter address manually","bd_js_more_categories":"More Categories","bd_js_continue_shopping":"Continue Shopping","bd_js_account_and_help":"Account & Help","bd_js_basket_checkout":"Basket / Checkout","bd_add_to_basket":"Add to basket","bd_js_enter_first_last_name":"Please enter a first and last name","bd_js_please_enter_your":"Please enter your"} In particular, this issue bears on our political unwillingness to change a situation where the vast majority of Americans will spend their lives paying off debts to a tiny minority who enjoy ludThis is a very thought-provoking analysis of the relationship between morality, debt, property, and money.
Not As a sociologist, I've been despairing of late at the paucity of imagination and theoretical innovation in social science research. US$16.72 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. sometimes asking the right question on something one takes for granted opens a whole new perspective on something as common as dirt and opens one's eyes to what is behind the curtain of ordinary transactions in our life like debt. Goodreads members voted Debt: The First 5,000 Years into the following lists: Best Economics Books, Best Books To Frame Thinking, Occupy Wall Street, Bes... 6th out of 353 books — 487 voters 151 voters I’ve repeatedly heard the assertion that usury laws historically held back banking and commercial evolution, but Graeber (as usual) paints a different picture here. Winner of the Bateson Book Prize awarded by the Society for Cultural Anthropology and the Bread and Roses Award for Radical Literature Some really great thoughts about the history and nature of debt throughout history...right up until the present day. 2. I. My area is banking and finance and so I am not unfamiliar with the standard banking story.
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