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The author postulates the growth of a "military?coinage?slave complex" around this time. These were enforced by mercenary armies that looted cities and cut human beings from their social context to work as slaves in Greece, Rome, and elsewhere.

It covers the difference between a loan and a bond, the relationship between debt and honour, sin and redemption, the mechanism of tribute system, the value of owing a favour, the distribution of spoils, how coinage became the central part of Axial Age evolution, how traditional markets were born, the enigma of ...

While throughout the book Graeber displays compassion for the human suffering of historical 'underdogs', Debt is an accessibly written, academic analysis of the meshed history of states, markets, currencies, slavery and debt, and their embeddedness in human relations and morality.

Debt: The First 5,000 Years is a fascinating chronicle of this little known history?as well as how it has defined human history. It shows how debt has defined our human past, and what that means for our economic future.

In summary, the Primordial Debt theorists' justification for taxation is that it is a constant in human nature to think of us as infinitely indebted to the world. We can see this urge of human nature in our earliest relationship with gods. The state is the natural entity to steward this debt.

Debt: The First 5,000 Years (Melville House Publishing, 2014) is a non-fiction book by anthropologist David Graeber. Graeber uses comparative examples from anthropology, archaeology, economics, history, and ethnography to upend the traditional history of debt told by economists.

About the author David Rolfe Graeber (/??re?b?r/; born 12 February 1961) is a London-based anthropologist and anarchist activist, perhaps best known for his 2011 volume Debt: The First 5000 Years.