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Debt: - The First 5000 Years (Hardcover)
Loot Price: R715
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Debt: - The First 5000 Years (Hardcover)
Series: The Macat Library
Expected to ship within 12 - 17 working days
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Debt is one of the great subjects of our day, and understanding the
way that it not only fuels economic growth, but can also be used as
a means of generating profit and exerting control, is central to
grasping the way in which our society really works. David Graeber's
contribution to this debate is to apply his anthropologists'
training to the understanding of a phenomenon often considered
purely from an economic point of view. In this respect, the book
can be considered a fine example of the critical thinking skill of
problem-solving. Graeber's main aim is to undermine the dominant
narrative, which sees debt as the natural - and broadly healthy -
outcome of the development of a modern economic system. He marshals
evidence that supports alternative possibilities, and suggests that
the phenomenon of debt emerged not as a result of the introduction
of money, but at precisely the same time. This in turn allows
Graeber to argue against the prevailing notion that economy and
state are fundamentally separate entities. Rather, he says, "the
two were born together and have always been intertwined" - with
debt being a means of enforcing elite and state power. For Graeber,
this evaluation of the evidence points to a strong potential
solution: there should be more readiness to write off debt, and
more public involvement in the debate over debt and its moral
implications.
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