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DEBT

David Graeber

Subtitle: The First 5,-000 Years, Melville House Publishihng, Brooklyn NY., 2011, 534 pgs., index, bibliography, notes

 
 

Reviewer coment: Dr. Deidre McCloskey provides an excellent summary of Dr. Graber's thought on page 432-3 of Bourgeois Equality. He is 'grumbling that 'arguments about who really owes what to whom have played a central role in shaping our basic vocabulary of right and wrong. His sole intellectual tool is Amos-like indignation against sellers and bosses and owners and creditors. He does not notice that the poor buyers and employees and renters and debtors also gain from such transactions, which after-all are under taken by mutual consent. And on the matter of loans Graber does not notice the obvious economic logic that it we forthwith cancel all debts, as he repeatedly advises, no creditor will ever lend again." All true analysis. But Graber does provide useful information about the real nature of money, currency and credit.

 
 

Introduction

 
 

Chapter 1 - On the Experience of Moral Confusion

 
 

Chapter 2 - The Myth of Bartar

 
 

Chapter 3 - Primordial Debts

 
 

Chapter 4 - Cruelty and Redemption

 
 

Chapter 5 - A Brief Treatise on the Moral Grounds of Economic Relations

 
 

Chapter 6 - Games with Sex and Death

 
 

Chapter 7 - Honor and Degradation, or, On the Foundations of Contemporary Civilization

 
 

Chapter 8 - Credit Versus Bullion, And the Cycles of History

 
 

Chapter 9 - TheAxial Age (800 BC - 600 AD)

 
 

Chapter 10 - The Middle Ages (600 AD - 1450 AD)

 
 

Chapter 11 - Age of the Great Capitalist Empires (1450 - 1970)

 
 

Chapter 12 - (1971 - The Beginning of Something yet to Be Determined)

 

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