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David Graeber: Debt (EBook, 2011, Melville House) 4 stars

The author shows that before there was money, there was debt. For 5,000 years humans …

Debt: The First 5000 Years

5 stars

Fascinating read. Graeber takes you through virtually the whole of human recorded history, from Babylonia to the 2008 financial crisis. Throughout it all, Graeber dissects the strange and complicated relations between people, money and morality.

In Debt: The First 5000 years, the author enjoys dissecting and ultimately rejecting many commonplace attitudes regarding the markets and the morality of debt. On occasion, Graeber’s ideas are too wild for me, but on the whole they are sober, well thought out conclusions regarding topics most other are not really thinking about at all.

Biggest takeaway? It’s fun to see a Cultural Anthropologist show Economists that they really have no idea how their own field works. Adam Smith might as well have been a Fairy Tale author.