Book Review: “Debt: The First 5,000 Years” by David Graeber

Debt: The First 5,000 Years by David Graeber

I had heard that this was a good book, but I was really surprised. It is a great book, much better than the recommendations.

For one thing, people seem to take away little pieces from here and there, which are valuable in themselves but insignificant in light of the whole picture.

The picture is a broad study of the global history of the concepts of debt, credit, and money. Not surprisingly, he also deals with power, violence, and law, as well as the mythologies promoted by “economics”.

I encountered this book in the context of cryptocurrencies, and it is extremely interesting in that context. He gives us reason to think that virtual money is central to this era in deep and broad ways, but also gives us reason to question the current approaches and narratives about cryptocurrency.

Above all, he shows us that we can and must clear our minds and think anew about pretty much everything.

[Read The Full Review]


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