Debt
The First 5,000 Years
ISBN-13: 9781612191812
Contributor(s): David Graeber
Subject: Economics
Publisher Imprint: Melville House Publishing
Publication Date: 12-06-2012
Format: Paperback
Availability: Out of stock
£14.99
About the book
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.