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Debt
By:David Graeber
Published on 2012-10-08 by Penguin UK

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.

This Book was ranked at 9 by Google Books for keyword Broad money.

Book ID of Debt's Books is qGv9bAFsmdUC, Book which was written byDavid Graeberhave ETAG "iwEt4l/VWsc"

Book which was published by Penguin UK since 2012-10-08 have ISBNs, ISBN 13 Code is 9788184759563 and ISBN 10 Code is 8184759568

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Book which have "540 Pages" is Printed at BOOK under CategoryLiterary Collections

This Book was rated by 12 Raters and have average rate at "4.0"

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