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Debt: The First 5,000 Years
Publisher:
Penguin
| Author:
David Graeber
| Language:
English
| Format:
Paperback
₹553
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544
A fascinating chronicle of little known history of Debt
Must we always repay our debts?
Wasnt money invented to replace ancient barter systems?
Apparently not, according to Yale-bred anthropologist David Graeber. In a stunning reversal of conventional wisdom, Graeber radically challenges our understanding of debt. He illustrates how, for more than 5000 years long before the invention of coins or bills there existed debtors and creditors who used elaborate credit systems to buy and sell goods. He argues that Madagascar was held to be indebted to France because France invaded it, reminds us that texts from Vedic India included God in credit systems and shows how the dollar changed European society forever in the sixteenth century. He also brilliantly demonstrates how 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.
Debt: The First 5,000 Years is a fascinating chronicle of this little known history of how it has defined the evolution of human society, and what it means for the credit crisis of the present day and the future of our economy.
Description
A fascinating chronicle of little known history of Debt
Must we always repay our debts?
Wasnt money invented to replace ancient barter systems?
Apparently not, according to Yale-bred anthropologist David Graeber. In a stunning reversal of conventional wisdom, Graeber radically challenges our understanding of debt. He illustrates how, for more than 5000 years long before the invention of coins or bills there existed debtors and creditors who used elaborate credit systems to buy and sell goods. He argues that Madagascar was held to be indebted to France because France invaded it, reminds us that texts from Vedic India included God in credit systems and shows how the dollar changed European society forever in the sixteenth century. He also brilliantly demonstrates how 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.
Debt: The First 5,000 Years is a fascinating chronicle of this little known history of how it has defined the evolution of human society, and what it means for the credit crisis of the present day and the future of our economy.
About Author
David Rolfe Graeber (/ˈɡreɪbər/; born 12 February 1961) is a London-based anthropologist and anarchist activist, perhaps best known for his 2011 volume Debt: The First 5000 Years. He is Professor of Anthropology at the London School of Economics.
As an assistant professor and associate professor of anthropology at Yale from 1998–2007 he specialised in theories of value and social theory. The university's decision not to rehire him when he would otherwise have become eligible for tenure sparked an academic controversy, and a petition with more than 4,500 signatures. He went on to become, from 2007–13, Reader in Social Anthropology at Goldsmiths, University of London.
His activism includes protests against the 3rd Summit of the Americas in Quebec City in 2001, and the 2002 World Economic Forum in New York City. Graeber was a leading figure in the Occupy Wall Street movement, and is sometimes credited with having coined the slogan, "We are the 99 percent".
As an assistant professor and associate professor of anthropology at Yale from 1998–2007 he specialised in theories of value and social theory. The university's decision not to rehire him when he would otherwise have become eligible for tenure sparked an academic controversy, and a petition with more than 4,500 signatures. He went on to become, from 2007–13, Reader in Social Anthropology at Goldsmiths, University of London.
His activism includes protests against the 3rd Summit of the Americas in Quebec City in 2001, and the 2002 World Economic Forum in New York City. Graeber was a leading figure in the Occupy Wall Street movement, and is sometimes credited with having coined the slogan, "We are the 99 percent".
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