Like it, would like some more
4 stars
It can be dense or dry, but I enjoy the history of world economies and what Graeber had to say about bartering and Adam Smith.
Hardcover, 534 pages
English language
Published May 21, 2011 by Melville House.
The author shows that before there was money, there was debt. For 5,000 years humans have lived in societies divided into debtors and creditors. For 5,000 years debt and debt forgiveness have been at the center of political debates, laws and religions. The words “guilt,” “sin,” and “redemption” come from ancient debates about debt. These terms and the ideas of debt shape our most basic ideas of right and wrong.
It can be dense or dry, but I enjoy the history of world economies and what Graeber had to say about bartering and Adam Smith.
This book takes a very abstract subject and, through great examples and engaging writing, makes it come alive. I learned a lot from it.
The book is clearly not a light reading, the text is dense with notes, quotes and references. I liked the way it is organised and the clear prose of Graeber.
I think this is probably one book that should be read by anybody who is interested in politics and economics, because it helps grounding modern concepts into the roots those concepts have: money, debt but also community, sharing, slavery and so on.
David Graeber is a master of taking a familiar idea, then leaving it precisely where it is, and moving you as a reader around it to see it from unexpected angles. In Debt he does this masterfully. Beginning with a critique of the moralistic perspective of debt ("one should pay one's debts"), followed with a sharp denial of a common claim by most modern economists (that barter preceded money), Graeber lays into five thousand years of economic history via meticulous research and his own brand of coy, enjoyable writing.
From an anthropological analysis of contemporary societies to a historical analysis that thankfully takes in European and non-European views, the book is appreciably ambitious. It seamlessly links debt and contemporary economics to war, plunder and violence, something that has been long discussed but rarely so eloquently. It is also not without its flaws or a few broad claims, but Graeber's way …
David Graeber is a master of taking a familiar idea, then leaving it precisely where it is, and moving you as a reader around it to see it from unexpected angles. In Debt he does this masterfully. Beginning with a critique of the moralistic perspective of debt ("one should pay one's debts"), followed with a sharp denial of a common claim by most modern economists (that barter preceded money), Graeber lays into five thousand years of economic history via meticulous research and his own brand of coy, enjoyable writing.
From an anthropological analysis of contemporary societies to a historical analysis that thankfully takes in European and non-European views, the book is appreciably ambitious. It seamlessly links debt and contemporary economics to war, plunder and violence, something that has been long discussed but rarely so eloquently. It is also not without its flaws or a few broad claims, but Graeber's way of writing was always to present a polemic argument that challenges a status quo. The final argument, well presented, infers that debt is maybe not as necessary as we all believe, or at least that it might be worth society trying to go without it for a little while.