![]() ![]() ![]() The problem of economic insecurity that makes Basic Income so urgent today is not a unique feature of modernity or capitalism (though modern technological advances make possible for the first time a universal Basic Income as a solution), but has been with us since the development of money per se-that is, financial credit, or debt-at the dawn of civilization. ![]() With its wide scope, Debt offers valuable perspective on contemporary issues. It takes an anthropologist to write a truly universal economic history, and that is what David Graeber has accomplished with Debt: The First 5,000 Years. Money has much deeper roots in the forms of obligation that bind together even the simplest societies. Most histories of money are histories of coins, tokens. Debt: The First 5,000 Years, by David Graeber (New York: Melville House, 2011). ![]()
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