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Cover of Debt: The First 5,000 Years(English)

Debt: The First 5,000 Years(English)

(Hardback)

David Graeber,

Melville House Publishing (Publisher)

Published

2011

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Economics, Finance, Business and Management Economics Macroeconomics Monetary economics

By: David Graeber | Publisher: Melville House Publishing | Released: 28 Jul 2011

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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 5,000 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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