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An epic journey through the economies of ancient civilizations, and how they managed debt versus social instability. Shocking historical truths about how debt played a central role in shaping (or destroying) ancient societies (viz: Rome), and that the Bible is preoccupied with debt, not sin, which has been disturbingly inverted in modern times.
Explores debt as a central historical component of religion, literature, and societal structure, while examining the idea of humanity's debt to the natural world.
Bankruptcy in America is a booming business, with hundreds of thousands of ordinary Americans filing for bankruptcy each year. Is this dramatic growth a result of mushrooming debt or does it reflect a moral decline that permits the middle class to evade their debts? As We Forgive Our Debtors addresses these questions with hard empirical data drawn from bankruptcy court filings. The authors of this multidisciplinary study describe the law and the statistics in clear, nontechnical language, combining a thorough statistical description of the social and economic position of consumer bankrupts with human portraits of the debtors and creditors whose journeys have ended in bankruptcy court. Book jacket.
Now in paperback, the updated and expanded edition: David Graeber’s “fresh . . . fascinating . . . thought-provoking . . . and exceedingly timely” (Financial Times) history of debt Here anthropologist David Graeber presents a stunning reversal of conventional wisdom: he shows that before there was money, there was debt. For more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods—that is, long before the invention of coins or cash. It is in this era, Graeber argues, that we also first encounter a society divided into debtors and creditors. Graeber shows that arguments about debt and debt forgiveness have been at the center of political debates from Italy to China, as well as sparking innumerable insurrections. He also brilliantly demonstrates that the language of the ancient works of law and religion (words like “guilt,” “sin,” and “redemption”) derive in large part from ancient debates about debt, and shape even our most basic ideas of right and wrong. We are still fighting these battles today without knowing it.
“An impressive debut.”–Publishers Weekly ***International Book Awards Finalist — Best New Fiction*** They said you can’t take your money with you when you die. What if they were wrong? Srinath Adiga’s timely satire explores the pitfalls of modern capitalism and the dangerous power of myth. Hong Kong, 2002. A stock market trader desperate to pay off a gangster debt invents a scam: Afterlife Dollars. A product inspired by an ancient Chinese custom that allows people to buy their way into heaven. It’s the beginning of a dizzying chain reaction that ripples in Mumbai, where one man does the unthinkable to secure his afterlife—while thousands of miles away in Amsterdam, another man races against time to stop an apocalypse. As a cast of larger-than-life characters grapple with unprecedented moral dilemmas, their choices will affect the rest of humanity. Profound, exhilarating and full of unexpected twists, Dead Money balances intelligence and dark humour with compassion, empathy and hope. Its cleverness lies in its ability to convince us that the impossible can happen—a compelling, thought-provoking read at a time when the world stares at an uncertain future. “A memorable premise lifts Adiga’s impressive debut. Adiga makes the central conceit work as he effectively sends up the tendency of people to believe anything.”–Publishers Weekly “Exhilarating pace, intriguing proposition, and plenty of dark laughs: Dead Money’s the thriller I’ll be burning through in the afterlife.”–Kate Veitch, author of Without a Backward Glance and Trust “A unique and highly original story. If you’ve ever wondered about the rise of BitCoin or how money really works, you’ll enjoy this book.”–Sion Scott-Wilson, author of The Sleepwalker’s Introduction to Flight
A companion and follow-up to KILLING THE HOST: HOW FINANCIAL PARASITES AND DEBT DESTROY THE GLOBAL ECONOMY. J IS FOR JUNK ECONOMICS pulls back the curtain on the vocabulary and terms of today's tunnel-visioned, overly-mathematized economic lexicon.
Michael Hudson's brilliant shattering book will leave orthodox economists spluttering. Classical economists don't like to be reminded of the ugly realities of Imperialism. Hudson is one of the tiny handful of economic thinkers in today's world who are forcing us to look at old questions in startling new ways. Alvin Toffler, best-selling author of Future Shock and The Third WaveThis new and completely revised edition of Super Imperialism describes the genesis of America's political and financial domination. Michael Hudson's in-depth and highly controversial study of U.S. financial diplomacy explores the faults built into the core of the World Bank and the IMF at their inception which -- he argues -- were intended to preserve the US's financial hegemony. Difficult to detect at the time, these problems have since become explicit as the failure of the international economic system has become apparent; the IMF and World Bank were set up to give aid to developing countries, but instead many of the world's poorest countries have been plunged into insurmountable debt crises. Hudson's critique of the destructive course of the international economic system provides important insights into the real motivations at the heart of these institutions - and the increasing tide of opposition that they face around the world.