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Debt: The First 5,000 Years Hardcover – July 12, 2011

4.4 out of 5 stars 621 ratings

Before there was money, there was debt Every economics textbook says the same thing: Money was invented to replace onerous and complicated barter systems€”to relieve ancient people from having to haul their goods to market. The problem with this version of history? There’s not a shred of evidence to support it. Here anthropologist David Graeber presents a stunning reversal of conventional wisdom. He shows that 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 a

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

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."

Product details

  • Publisher ‏ : ‎ Melville House
  • Publication date ‏ : ‎ July 12, 2011
  • Edition ‏ : ‎ First Edition
  • Language ‏ : ‎ English
  • Print length ‏ : ‎ 544 pages
  • ISBN-10 ‏ : ‎ 1933633867
  • ISBN-13 ‏ : ‎ 978-1933633862
  • Item Weight ‏ : ‎ 1.65 pounds
  • Dimensions ‏ : ‎ 6.25 x 1.79 x 9.28 inches
  • Best Sellers Rank: #645,796 in Books (See Top 100 in Books)
  • Customer Reviews:
    4.4 out of 5 stars 621 ratings

About the author

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David Graeber
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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".

Bio from Wikipedia, the free encyclopedia. Photo by David Graeber Edited by czar [CC BY-SA 4.0 (http://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons.