Back to home page - News From Nowhere Radical & Community Bookshop
news from nowhere
Liverpool's Radical & Community Bookshop
not-for-profit · a worker's co-operative · committed to social change
Browse our comprehensive database of books in print
More than a million books available to order!

Search for a book:

featured book: Bread & Roses Prize 2012 Shortlist, Recommended Books for Christmas!,

This book appears in the following booklists

in categories:Changing the World, Anti-Capitalism & Global Inequality,

Order this book online - this link leads to our secure order website which will indicate how long the book will take to order.

(Availability of '24-48 hours' means our wholesaler has stock - we place orders 2-3 times a week & receive the books next day.)

(Availability of '7-10 days' or 'Special Order' means we order direct from the publisher - order times vary, many supply within 10 days.)

Phone us: 0151 708 7270

enquire about this book

Mail order, postage & payment information

more about ordering books

Debt: The First 5,000 Years

by David Graeber
£14.99   paperback  Melville House Publishing (2012)

Debt: The First 5,000 Years by David Graeber Every economics textbook says the same thing: Money was invented to replace onerous and complicated barter system — 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 5,000 years ago, during the beginning of the agrarian empires, humans have used elaborate credit systems. It is in this era, Graeber shows, that we also first encounter a society divided into debtors and creditors.
 
With the passage of time, however, virtual credit money was replaced by gold and silver coins — and the system as a whole began to decline. Interest rates spiked and the indebted became slaves. And the system perpetuated itself with tremendously violent consequences, with only the rare intervention of kings and churches keeping the system from spiraling out of control. Debt: The First 5,000 Years is a fascinating chronicle of this little known history — as well as how it has defined human history, and what it means for the credit crisis of the present day and the future of our economy.

ISBN 13: 9781612191812 | ISBN 10: 1612191819