Debt: The First 5,000 Years
"Debt: The First 5,000 Years" is a book by David Graeber that explores the history and significance of debt in human societies. It argues that debt has been a fundamental part of economic systems for millennia, influencing social relationships and power dynamics. Graeber examines how debt has shaped cultures and economies from ancient times to the present.
The book challenges conventional views of economics, suggesting that money and debt are not merely financial tools but also social constructs. Graeber highlights the moral implications of debt, including issues of inequality and exploitation, and calls for a reevaluation of how societies understand and manage debt.