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Debt: The First 5,000 Years Hardcover – July 12, 2011
by
David Graeber
(Author)
|
David Graeber
(Author)
Find all the books, read about the author, and more.
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Print length544 pages
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LanguageEnglish
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PublisherMelville House
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Publication dateJuly 12, 2011
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Dimensions6.25 x 1.79 x 9.28 inches
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ISBN-101933633867
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ISBN-13978-1933633862
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Editorial Reviews
Review
Winner of the Bateson Book Prize awarded by the Society for Cultural Anthropology
“One of the year’s most influential books. Graeber situates the emergence of credit within the rise of class society, the destruction of societies based on ‘webs of mutual commitment’ and the constantly implied threat of physical violence that lies behind all social relations based on money.” —Paul Mason, The Guardian
“The book is more readable and entertaining than I can indicate... It is a meditation on debt, tribute, gifts, religion and the false history of money. Graeber is a scholarly researcher, an activist and a public intellectual. His field is the whole history of social and economic transactions.” —Peter Carey, The Observer
"An alternate history of the rise of money and markets, a sprawling, erudite, provocative work."
—Drake Bennett, Bloomberg Businessweek
"[A]n engaging book. Part anthropological history and part provocative political argument, it's a useful corrective to what passes for contemporary conversation about debt and the economy."
—Jesse Singal, Boston Globe
"Fresh... fascinating... Graeber’s book is not just thought-provoking, but also exceedingly timely."
—Gillian Tett, Financial Times (London)
"Terrific... In the best anthropological tradition, he helps us reset our everyday ideas by exploring history and other civilizations, then boomeranging back to render our own world strange, and more open to change."
—Raj Patel, The Globe and Mail
"Graeber's book has forced me to completely reevaluate my position on human economics, its history, and its branches of thought. A Marxism without Graeber's anthropology is beginning to feel meaningless to me."
—Charles Mudede, The Stranger
"The world of borrowing needs a little demystification, and David Graeber's Debt is a good start."
—The L Magazine
"Controversial and thought-provoking, an excellent book."
—Booklist
"This timely and accessible book would appeal to any reader interested in the past and present culture surrounding debt, as well as broad-minded economists."
—Library Journal
Praise for David Graeber
“I consider him the best anthropological theorist of his generation from anywhere in the world.”
—Maurice Bloch, Professor of Anthropology at the London School of Economics
"A brilliant, deeply original political thinker."
—Rebecca Solnit, author of A Paradise Built in Hell
“If anthropology consists of making the apparently wild thought of others logically compelling in their own cultural settings and intellectually revealing of the human condition, then David Graeber is the consummate anthropologist. Not only does he accomplish this profound feat, he redoubles it by the critical task—now more urgent than ever—of making the possibilities of other people’s worlds the basis for understanding our own.”
—Marshall Sahlins, Charles F. Grey Distinguished Service Professor Emeritus of Anthropology and of Social Sciences at the University of Chicago
“One of the year’s most influential books. Graeber situates the emergence of credit within the rise of class society, the destruction of societies based on ‘webs of mutual commitment’ and the constantly implied threat of physical violence that lies behind all social relations based on money.” —Paul Mason, The Guardian
“The book is more readable and entertaining than I can indicate... It is a meditation on debt, tribute, gifts, religion and the false history of money. Graeber is a scholarly researcher, an activist and a public intellectual. His field is the whole history of social and economic transactions.” —Peter Carey, The Observer
"An alternate history of the rise of money and markets, a sprawling, erudite, provocative work."
—Drake Bennett, Bloomberg Businessweek
"[A]n engaging book. Part anthropological history and part provocative political argument, it's a useful corrective to what passes for contemporary conversation about debt and the economy."
—Jesse Singal, Boston Globe
"Fresh... fascinating... Graeber’s book is not just thought-provoking, but also exceedingly timely."
—Gillian Tett, Financial Times (London)
"Terrific... In the best anthropological tradition, he helps us reset our everyday ideas by exploring history and other civilizations, then boomeranging back to render our own world strange, and more open to change."
—Raj Patel, The Globe and Mail
"Graeber's book has forced me to completely reevaluate my position on human economics, its history, and its branches of thought. A Marxism without Graeber's anthropology is beginning to feel meaningless to me."
—Charles Mudede, The Stranger
"The world of borrowing needs a little demystification, and David Graeber's Debt is a good start."
—The L Magazine
"Controversial and thought-provoking, an excellent book."
—Booklist
"This timely and accessible book would appeal to any reader interested in the past and present culture surrounding debt, as well as broad-minded economists."
—Library Journal
Praise for David Graeber
“I consider him the best anthropological theorist of his generation from anywhere in the world.”
—Maurice Bloch, Professor of Anthropology at the London School of Economics
"A brilliant, deeply original political thinker."
—Rebecca Solnit, author of A Paradise Built in Hell
“If anthropology consists of making the apparently wild thought of others logically compelling in their own cultural settings and intellectually revealing of the human condition, then David Graeber is the consummate anthropologist. Not only does he accomplish this profound feat, he redoubles it by the critical task—now more urgent than ever—of making the possibilities of other people’s worlds the basis for understanding our own.”
—Marshall Sahlins, Charles F. Grey Distinguished Service Professor Emeritus of Anthropology and of Social Sciences at the University of Chicago
About the Author
David Graeber teaches anthropology at Goldsmiths, University of London. He is the author of Towards an Anthropological Theory of Value, Lost People: Magic and the Legacy of Slavery in Madagascar, Fragments of an Anarchist Anthropology, Possibilities: Essays on Hierarchy, Rebellion, and Desire, and Direct Action: An Ethnography. He has written for Harper’s, The Nation, Mute, and The New Left Review. In 2006, he delivered the Malinowski Memorial Lecture at the London School of Economics, an annual talk that honors “outstanding anthropologists who have fundamentally shaped the study of culture.”
In the summer of 2011, he worked with a small group of activists and Adbusters magazine to plan Occupy Wall Street. Bloomberg Businessweek has called him an "anti-leader" of the movement. The Atlantic wrote that he "has come to represent the Occupy Wall Street message... expressing the group's theory, and its founding principles, in a way that truly elucidated some of the things people have questioned about it."
In the summer of 2011, he worked with a small group of activists and Adbusters magazine to plan Occupy Wall Street. Bloomberg Businessweek has called him an "anti-leader" of the movement. The Atlantic wrote that he "has come to represent the Occupy Wall Street message... expressing the group's theory, and its founding principles, in a way that truly elucidated some of the things people have questioned about it."
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Product details
- Publisher : Melville House; 1st Edition (July 12, 2011)
- Language : English
- Hardcover : 544 pages
- ISBN-10 : 1933633867
- ISBN-13 : 978-1933633862
- Item Weight : 1.71 pounds
- Dimensions : 6.25 x 1.79 x 9.28 inches
-
Best Sellers Rank:
#881,795 in Books (See Top 100 in Books)
- #229 in Credit Ratings & Repair (Books)
- #1,383 in Theory of Economics
- #2,281 in Economic History (Books)
- Customer Reviews:
Customer reviews
4.4 out of 5 stars
4.4 out of 5
362 global ratings
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Top reviews
Top reviews from the United States
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Reviewed in the United States on August 1, 2021
Verified Purchase
David Graeber presents a millennia spanning view of money and debt that is a clear and fun read and full of odd historical facts and vivid vignettes. Graeber treats the 5000 year span with congenial authority and escorts the reader with the calm assurity of a seasoned guide. Ages and their peoples seem to come alive before us. He strips economics of its mind numbing complexity and reveals it to be an area of human activity like any other; sometimes odd, but always understandable. This is a book for anyone who is curious about all this talk about debt and why some quarters of society are very comfortable with it and other quarters are encouraged to be very fearful. After reading "Debt: The First 5000 Years" you can't think of money the way you did ever again.
5.0 out of 5 stars
We need creative ambitious thinkers in addition to the fine grained sober analysts
Reviewed in the United States on December 19, 2014Verified Purchase
Magisterial history. Perhaps the most provocative big histories I've read. I especially appreciate the depiction of 'human economies', the conceptualization of everyday communism and the interplay of communism, hierarchy and exchange. I wish more anthropologists took on projects of this ambition. We need creative ambitious thinkers in addition to the fine grained sober analysts.
11 people found this helpful
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Reviewed in the United States on April 15, 2015
Verified Purchase
I had to read the first half of the book with many breaks. It was almost like a college class in its depth. So many things were being presented with a new perspective that it took time to absorb.
Many things that I had questioned in our current age were demonstrated as being "nothing new under the sun." The patterns of debt were/are foundational in the development of the modern world. And this not necessarily for the ultimate good if taken to the extremes which are the norm, unfortunately.
Banking and debt can help tremendously in creating a prosperous and broadly-people-benefitting economy. But as time goes on in the end the debt becomes extreme and the resultant predation have proved to ultimately destroy.
As pictured in the book the problem seems not to be in the process but in the time. The author advocates a Jubilee every 50 years, or some similar event, to permit the positive side of debt usage and reduce the negative. It seems that much of the negative aspects of debt seem to typically come at the end of such a period. Unfortunately, the process of unlimited debt creation occurs heavily at the end of a such a cycle. The debt becomes more artificial (hedge funds anyone) and onerous for all.
Many things that I had questioned in our current age were demonstrated as being "nothing new under the sun." The patterns of debt were/are foundational in the development of the modern world. And this not necessarily for the ultimate good if taken to the extremes which are the norm, unfortunately.
Banking and debt can help tremendously in creating a prosperous and broadly-people-benefitting economy. But as time goes on in the end the debt becomes extreme and the resultant predation have proved to ultimately destroy.
As pictured in the book the problem seems not to be in the process but in the time. The author advocates a Jubilee every 50 years, or some similar event, to permit the positive side of debt usage and reduce the negative. It seems that much of the negative aspects of debt seem to typically come at the end of such a period. Unfortunately, the process of unlimited debt creation occurs heavily at the end of a such a cycle. The debt becomes more artificial (hedge funds anyone) and onerous for all.
10 people found this helpful
Report abuse
Reviewed in the United States on February 28, 2012
Verified Purchase
You only have to look at the length of the other reviews this book has generated -- and the deep thought and critique contained within them -- to realize that this is a book worthy of your time.
Graeber's examination of the history of debt and its role in civilization has forced me to re-examine everything I thought I knew about human history.
I won't claim this book is a quick read, but the prose is engaging and conversational, even when discussing difficult and heady concepts. It's the ideas that forced me to take my time, and allow this book to change my view of things.
Is capitalism a form of debt slavery? Maybe. Is it worth asking that question? Definitely.
Graeber's examination of the history of debt and its role in civilization has forced me to re-examine everything I thought I knew about human history.
I won't claim this book is a quick read, but the prose is engaging and conversational, even when discussing difficult and heady concepts. It's the ideas that forced me to take my time, and allow this book to change my view of things.
Is capitalism a form of debt slavery? Maybe. Is it worth asking that question? Definitely.
9 people found this helpful
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Reviewed in the United States on August 30, 2015
Verified Purchase
Fascinating book. I sat down to just take a casual look at it and read 125 pages before I could bring myself to stop. Lots of really interesting stories about research that has been done. The author did a great job of pulling a lot of research together to make his points. Highly recommend it to those interested in such things.
4 people found this helpful
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Reviewed in the United States on April 5, 2014
Verified Purchase
...which is rare. This overview of the actual history of money through the ages, and the philosophy it comes from and generates, is one of those rare truly paradigm-altering books. It is like a look beneath the hood of civilization, showing how simple many seemingly complex tendencies can be. Graeber achieves this task with a clear, direct style which helps make rather intricate concepts very approachable to a financial layman such as myself.
Even when I don't fully agree with some of the author's conclusions, I am thinking about familiar topics in ways that are entirely new to me.
In short, read it. In my opinion, this and "The Master and his Emissary" are required reading for anyone who wants to understand our world.
Even when I don't fully agree with some of the author's conclusions, I am thinking about familiar topics in ways that are entirely new to me.
In short, read it. In my opinion, this and "The Master and his Emissary" are required reading for anyone who wants to understand our world.
4 people found this helpful
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Top reviews from other countries
Alexios Xifaras
5.0 out of 5 stars
Masterpiece !
Reviewed in the United Kingdom on October 22, 2019Verified Purchase
Τhis book is simply a masterpiece. Absolutely essential reading for those interested with the history of debt and money. It is one of those books that change the way you see the world. Graeber masterfully moves from the beginnings of money, on the basis of human societies, to the role of debt and money throughout the last approximately 5,000 years, to the implications of making money as a unique moral imperative, in what is capitalism, in relations of Adam Smith with Islamic theologians - philosophers such as the Ghazali of the 11th and 12th centuries and finally what to do today. In short it is a classic book.
3 people found this helpful
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Adrian Martin
5.0 out of 5 stars
Top notch bad boy!
Reviewed in the United Kingdom on November 12, 2020Verified Purchase
Anthropology finally challenging the daft Economics presumption that Money came after Barter - all that academic Economics drivel about a cobblers swapping shoes for carrots in happy villages...
Skiamakhos
5.0 out of 5 stars
Excellent piece of work
Reviewed in the United Kingdom on May 1, 2013Verified Purchase
Inspiring, erudite, sometimes shocking stuff. Debt is normal, but being forced to pay it off is a relatively new thing & a thing of violence. Owing a debt to each other is the natural glue that keeps society together. Having to pay it off with money causes suffering & divides us. Graeber goes into the history of money, debt, all that, with loads of examples. Definitely worth a read.
3 people found this helpful
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Tony Scott
5.0 out of 5 stars
Once every ten years
Reviewed in the United Kingdom on December 5, 2013Verified Purchase
Once every ten years you come across a book like this. Every page contains some fascinating new fact or insight. Afterwards you never look at anything in quite the same way again. I read it all through every week at first, then every month. Pretty well back to normal now a few months and six or seven readings later.
6 people found this helpful
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Richard Atkinson
5.0 out of 5 stars
Buy it buy it now.
Reviewed in the United Kingdom on October 6, 2014Verified Purchase
"Once upon a time there was Barter. it was difficult, so people invented money. Then came the development of banking and credit"
Not true....and if you want to find out why is this remarkably well researched book then this is the book for you.
Not true....and if you want to find out why is this remarkably well researched book then this is the book for you.
6 people found this helpful
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