Just when I thought I understood all the false assumptions in modern economic theory, David Graeber uncovers yet another huge, unfounded assumption that economists discuss as if it's a matter of fact.

The first edition of the novel was published in 2011, and was written by David Graeber. Debt: The First 5, 000 Years The Great Migration was the movement of six million African Americans out of the South to urban areas in the Northeast, Midwest, and West between 1... Should the cause not be prosecuted, and not those who were just getting on with their lives and actually doing something productive? Money almost always arises first from objects that are used primarily as adornment of the person.This is is a really wide ranging book, the reality it is actually trying to cover 5000 years up to and including 2009/10! The author discusses the moral grounds of economic relations (5) as well as the games of sex and death that are played with debt (6) in human societies. There is a discussion of honor and degradation as the foundation of contemporary civilization (7) as well as a look at the cycles of history and the move between credit and bullion as the means of exchange (8) from one time period to another. "I think of Goodreads stars as the following: 1, shouldn't have been published; 2, terrible; 3, pretty good; 4, really good; 5, everyone should read this (because it's eye-opening, incredibly skillful, and/or beautiful).I think of Goodreads stars as the following: 1, shouldn't have been published; 2, terrible; 3, pretty good; 4, really good; 5, everyone should read this (because it's eye-opening, incredibly skillful, and/or beautiful).Okay that's much better! It sets out to make a step by step case, and gets carried away with its own ideas. Is a poor country's poor responsible for kleptocrat's bad l sometimes asking the right question on something one takes for granted opens a whole new perspective on something as common as dirt and opens one's eyes to what is behind the curtain of ordinary transactions in our life like debt. Or, a la David Harvey, to regurgitate Marx with minor variation, with a focus solely on the neoliberal period, and in US/Eurocentric fashion. That said, I was pleased and somewhat surprised by how little the difference in the worldview between the author and I really mattered when it came to appreciating the book. If you like your books to be robustly argued with appropriate credence given to opposing arguments, I suggest you pick up something else. I recently read Debt: the First 5000 Years by David Graeber, and it has stuck on my mind for a while.

It's a superb read and years went into writing it.

The author has done great work in seeing the problem of debt and the results of various attitudes towards debt in societies that lead to the fall of societies, and it is certainly something worth thinking about from a variety of perspectives.Fill in your details below or click an icon to log in:Enter your email address to subscribe to this blog and receive notifications of new posts by email. In particular, this issue bears on our political unwillingness to change a situation where the vast majority of Americans will spend their lives paying off debts to a tiny minority who enjoy ludicrous profits from the work of the majority.It's not often that one reads a book on political economy that is as thrilling to read as a detective novel, but Graeber's Debt is just such a book. The man objected indignantly:“If history shows anything, it is that there's no better way to justify relations founded on violence, to make such relations seem moral, than by reframing them in the language of debt—above all, because it immediately makes it seem that it's the victim who's doing something wrong.”

Graeber manages to expose the violence, coercion and inequality that has become sublimated in the bland language of credit and debt so that most of us see debt as an impersonal, objective and moral issue. Graeber seems to consider those who disagree with him as either naive, blindsided by economic theory, or simply greedy. The book begins with a discussion on the moral confusion that relates to debt (1) before moving into the myth of barter (2) and the primordial debts that were accounted in ancient society (3) before history began. 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. To quote the words of Arundhati Roy: "The trouble is that once you see it, you can't unsee it. Perhaps because he is an anthropologist, not an economist, he is able to take on a seemingly boring and pedestrian topic, and write an eye-opening book which addresses the origins of the current crisis of capitalism.It's not often that one reads a book on political economy that is as thrilling to read as a detective novel, but Graeber's Debt is just such a book. It is easy to get swept up in that sentimThis is a book that made an impression on me. I'll pick up more of his books, I suspect.Magnificent. However, Graeber has attempted to do this in 400 pages and few pages of notes! It shares a similar problem with Niall Fergeson's completely unreadable "the Ascent of Money:" it mixes in the author's politics and political leanings with history to give everything this weird political sheen (in this case left to Fergeson's right.) paper) 1. But Graeber starts way before any other book I've ever read on the subject.

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