The groundbreaking international best-seller that turns everything you think about money, debt, and society on its head—from the “brilliant, deeply original political thinker” David Graeber (Rebecca Solnit, author of Men Explain Things to Me) Before there was money, there was debt. 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 that we also first encounter a society divided into debtors and creditors—which lives on in full force to this day. So says anthropologist David Graeber in a stunning reversal of conventional wisdom. He shows that arguments about debt and debt forgiveness have been at the center of political debates from Renaissance Italy to Imperial 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.
About the Author
David Graeber was a professor of anthropology at the London School of Economics. He is the author of The Dawn of Everything: A New History of Humanity, Debt: The First 5,000 Years and Bullshit Jobs: A Theory, and was a contributor to Harper s Magazine, the Guardian, and the Baffler. An iconic thinker and renowned activist, his early efforts helped to make Occupy Wall Street an era-defining movement. He died on 2 September 2020.
David Wengrow is a professor of comparative archaeology at the Institute of Archaeology, University College London, and has been a visiting professor at New York University. He is the author of three books, including What Makes Civilization?. Wengrow conducts archaeological fieldwork in various parts of Africa and the Middle East.
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