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Debt

The First 5,000 Years,Updated and Expanded
Summary:

The book explores the history and anthropology of debt over millennia, challenging the conventional economic narrative that currency evolved from barter, and instead positing that debt and credit systems were foundational to human economies. It delves into the moral implications of debt, the social relationships it engenders, and its role in historical events and societal transformations.

Key points:

1. Barter Myth: Graeber disputes the idea that money evolved from barter, arguing instead that credit systems came first.

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