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Debt - Updated and Expanded
- The First 5,000 Years
- Narrated by: Grover Gardner
- Length: 17 hrs and 48 mins
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Summary
Now in audio, the updated and expanded edition: David Graeber's "fresh...fascinating...thought-provoking...and exceedingly timely" (Financial Times) history of debt.
Here, anthropologist David Graeber presents a stunning reversal of conventional wisdom: He shows that before there was money, there was debt. 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.
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- Eoin
- 12-10-19
An exceptional read
Not what I expected at all but an amazingly informative read. There were surprises in every chapter and beliefs and assumptions were dropped one after the other.
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- Allan Paterson
- 15-10-18
Fantastic insight into how "money" really works
This is a great book to help your understanding of how our monetary systems got here. It poses an intriguing dilemma as to how it will all work out (or not) in the end.
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- Anonymous User
- 02-12-22
A must
Insight to how money works ok relation to living. For anyone interested in humanity surviving another century!
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- Philippe Nadouce
- 19-09-20
The end of the myth of barter
Amazing book! Graeber is an encyclopedia and a brilliant mind. What a journey! Get prepared to be challenged if you were taught neo classic economics. The world as you know it is not what it seems to be.
Now, this book is about anthropology and it is written by an academic. Meaning : it is long and sometimes it can be confusing. For those who really don't have enough time I recommend them to start with the chapter on Axial age. I can guarantee that they will be gobsmacked by the erudition and the cleverness of Graeber.
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5 people found this helpful
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- Michael
- 19-05-16
Great book!
Great book, quite long & requires alot of attention but good valuable information! worth a listen (will have tp listen t it again! !)
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2 people found this helpful
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- Jag
- 06-01-22
By far the best Audiobook I've listened to.
Debt has shattered many preconceptions that economic textbooks take for granted and has changed the way I view the Economy. Although it's densely packed with knowledge Graeber makes it easy it absorb. Wonderful book. Wonderful Author.
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- Mr. C. Bell
- 31-08-22
Money: What is it good for?
Absolutely everything. This is a tremendous journey through the history of debt - monetary, in-kind, and monetary again. It has genuinely identified it and put debt in context for me. Great history, philosophy, economics and anthropology.
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- Amazon Customer
- 23-12-21
Long but fascinating
A truly fascinating history of debt and money if I ever heard of one. It's a very long book but worth the time.
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- Aaron McDaid
- 02-09-21
Fantastic history of debts - and indeed commerce
The best thing is the large collection of examples - over thousands of years - of how debt and obligations preceded commerce and trade. And how coins are a relatively late invention.
It also makes the observation that markets and capitalism are opposed to each other. Capitalists crush markets in order to create monopolies. (See a great short paper on this by Peter Thiel of PayPal). The role of usury/interest is discussed here.
The discussion of the last century is a bit lacking however. The author doesn't understand the Great Depression, nor Keynesianism. And he claims - falsely - that capitalism requires constant growth and therefore that climate change will kill capitalism.
In short, his anthropology and history are excellent up until relatively recently, but he doesn't correctly understand the money of the last century or so.
Despite this criticism, I feel this is required reading for anybody who is interested in (macro-)economics. It's different from, but a great complement to, the observations in Modern Monetary Theory (MMT)
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- Imma j lopez
- 19-06-23
Please, read it!!!
Not answers but questions, the ones that he proposes directly and the ones which indirectly we may come to recognise in our own bodies, questions that open another type of conversations, which might bring a change in the current agreements, since they seem to be shortcoming and avoiding of a larger reality.
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