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Debt: The First 5,000 Years | [David Graeber]
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Debt: The First 5,000 Years

  • UNABRIDGED
  • by David Graeber
  • Narrated by Grover Gardner
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  • Regular Price :$31.49

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  • Average Customer Rating
  • Overall
    (101)
    Performance
    (86)
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  • LENGTH
    17 hrs and 21 mins
  • RELEASE DATE
    01-30-12
  • AUDIO FORMATS
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Publisher's Summary

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 ancient works of law and religion (words like “guilt,” “sin,” and “redemption”) derive in large part from ancient debates about debt, and shape even our most basic ideas of right and wrong. We are still fighting these battles today without knowing it.

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.

©2011 David Graeber (P)2012 Gildan Media Corp

What Members Say

Average Customer Rating

4.1 (101 ratings)
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4.1 (88 ratings)
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4.2 (86 ratings)
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Performance
  •  
    E. J. Ford Tampa 06-06-12
    E. J. Ford Tampa 06-06-12 Member Since 2011

    E.J.

    HELPFUL VOTES
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    "Stands Economics on Its Head"
    What made the experience of listening to Debt the most enjoyable?

    Graeber's "Debt" raises questions about the received wisdom of economics. When did we all become entrapped in debt and financial obligation? Why are the standards of debt different for the wealthy than for the poor? "Debt" does an amazing job of laying bare the inconsistencies and contradictions of our economic system.


    What about Grover Gardner’s performance did you like?

    Grover Gardner does a great job of conveying the emotional content of an intellectual argument. Proficient reading of non-fiction is about drawing the listener into the argument, which means understanding the argument and following the rhetorical rhythms. Gardner does an amazing job!


    What’s the most interesting tidbit you’ve picked up from this book?

    Debt is not a permanent condition nor is it necessarily a moral failing. With all of us in debt, this knowledge is uplifting!


    Any additional comments?

    I wish there were more books from the modern anthropological literature available as audio books!

    4 of 4 people found this review helpful
  •  
    Joshua VENICE, CA, United States 06-26-12
    Joshua VENICE, CA, United States 06-26-12 Member Since 2005
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    "A must read for the already well informed"
    What made the experience of listening to Debt the most enjoyable?

    The author takes the reader on a trip around the world and throughout history to examine the roll of debt in human society. From the Sumeria to Ming Dynasty China and Adam Smith this book looks at how debt shapes human relationships and how the commoditization of those contracts has broken the very human bonds we form with one another.


    What other book might you compare Debt to and why?

    The Ascent of Money: A Financial History of the WorldNiall Ferguson (Author)


    3 of 3 people found this review helpful
  •  
    Pawel Switzerland 09-25-12
    Pawel Switzerland 09-25-12 Member Since 2006
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    "Must read if you are interested in economy"
    If you could sum up Debt in three words, what would they be?

    A very interesting angle on how debt developed, where money come from and many more. Despite many references, this is not a book on archeology. Many of author's remarks in history and discovery of ancient civilizations make the book so much more worthwhile as well as trustworthy.
    great read, highly recommended


    2 of 2 people found this review helpful
  •  
    Roman Saint-Petersburg, Russia 06-11-12
    Roman Saint-Petersburg, Russia 06-11-12 Member Since 2009
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    "Very hard to see a clear line of the story"

    While I think this book could be interesting, and indeed I enjoyed some parts of it, I think the author fails to capture reader's attention with a clear line of events. He kind of like jumps from one epoch to another without explaining what does it all mean and how it correlates with his point of view. He also quotes a lot of sources which he then denounces, so especially while you are listening to the book, not reading it, it is hard to tell what the author actually thinks about the subject.

    The overall problem with the book, I believe, is that an author is an anthropologist and he's trying to get into the field of economics. I don't mean just his reasoning, which might be flawed - this should be left for economists to judge - but the way he tells the story: he's elaborating on some of the historical/cultural things too much and you just can't see what he was trying to say in the first place. Probably the reason I couldn't really finish the book.

    The narration is very good, although at some point I stumbled at a clearly "editorial" piece not supposed to be heard by the audience - the narrator was reading his remarks on the text. I guess you could call it a "bug". It was for a couple of minutes though.

    4 of 5 people found this review helpful
  •  
    Matthew Gatineau, Quebec, Canada 05-15-13
    Matthew Gatineau, Quebec, Canada 05-15-13 Member Since 2006
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    "Could be shorter"
    What did you love best about Debt?

    Lots of great info, but some chapters take forever to get through...


    What’s the most interesting tidbit you’ve picked up from this book?

    A much better understanding of what money actually is.


    0 of 0 people found this review helpful
  •  
    Scott United States 05-09-13
    Scott United States 05-09-13
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    "Intriguing View on the Myths of Our Generation"

    Debt is a magnificent intellectual history of debt. It clearly disassociates many of the myths common in society about the nature and history of debt. Challenging the predominate default view of capitalism, Graeber provides many good examples of how the state, capitalism, war, and money have interwoven over time to produce modern problems in society. While the book was well sourced and convincing, the author did occasionally dip into political issues, even specific individuals, with really no apparent relation to the core content. Absent this, the book would have received an easy 5 out of 5.

    0 of 0 people found this review helpful
  •  
    Ben BELLINGHAM, WA, United States 04-27-13
    Ben BELLINGHAM, WA, United States 04-27-13 Member Since 2005

    Ben ji

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    "Who knew debt could be so interesting"
    What made the experience of listening to Debt the most enjoyable?

    While I am all too familiar with the experience of being in debt, I had no idea that the history of debt was so rich and varied. He presented the concept of debt and then showed how it changed over time while both reflecting and influencing politics, the military, and social order.

    This is one of those books that will change the way you view history. There are wonderful insights here and an immense span of history is presented with clarity and humor.


    What was one of the most memorable moments of Debt?

    I particularly enjoyed learning about the way cultures have gone back and forth between systems that relied on barter and coinage. There is a fascinating relationship between slavery, mining, and a financial system that relied on coins. Brilliant.


    What about Grover Gardner’s performance did you like?

    Very steady and listenable. Just the right presentation.


    What’s the most interesting tidbit you’ve picked up from this book?

    That the middle ages were more diverse than I expected and that they were a factor in India as well.


    Any additional comments?

    This is a long book, but the thoroughness with which the author presents his subject is wonderful. It never gets tedious and every chapter presents something new that I had never considered before. Well worth the time.

    0 of 0 people found this review helpful
  •  
    Eric Hartford, WI, United States 02-23-13
    Eric Hartford, WI, United States 02-23-13 Member Since 2003
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    "A communist manifesto"
    Is there anything you would change about this book?

    The book tries to link communism with family and capitalism with greed. However he does correctly show that in the past mixing the two systems leads to violence. He fails to recognize that loving bond are essential to communism. for in it the strong must choose to give to the weak. Outside of the family this wouldn't happen due to the 150 rule in sociology, but through force, coercion and violence. Which he describes showing examples in history of our struggle to build a fair capitalist society build on choice. Altho the book intent seemed to be to show the need to ban debtors prisons and a call for bankruptcy for poor nations which I do agree with. This is how a healthy capitalist system runs.

    In my view understand that communism is for families and friends whereas capitalism is for strangers and nations. Swapping or mixing these systems can lead to emotional and sometimes violent unintended consequences.


    Has Debt turned you off from other books in this genre?

    No every opinion needs to be hear but also refuted.


    What three words best describe Grover Gardner’s performance?

    adequate.


    If this book were a movie would you go see it?

    no


    0 of 0 people found this review helpful
  •  
    Elias United States 02-04-13
    Elias United States 02-04-13 Member Since 2012

    Say something about yourself!

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    "Brilliant"

    You must read this book.

    It's simply one of the most useful books I've ever read, and well written to boot.

    0 of 0 people found this review helpful
  •  
    Jakub Gdynia, Poland 10-29-12
    Jakub Gdynia, Poland 10-29-12
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    "Enlightening but vague"
    What did you love best about Debt?

    That it focuses on very broad range of time and space.


    What was the most interesting aspect of this story? The least interesting?

    THat every interaction has some form of debt inside if you dig deep enough.The least entertaining parts was sometimes too much details about customs in some cultures.


    Which character – as performed by Grover Gardner – was your favorite?

    THE NARRATOR :D


    What’s the most interesting tidbit you’ve picked up from this book?

    Anthropology is much more interesting than i thought.


    1 of 2 people found this review helpful
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