David Graeber's (DG) magnificent work is, somewhat prohibitively titled "Debt". In fact the book provides an excellent coverage of history money, markets, role of states, practices in early societies and of course- debt. It's no secret that Modern Economics, a myth / fiction long celebrated by non-intellectuals (i.e. all neoclassical economists, especially those who've recently "won" Nobel prizes), is based on false assumptions, shaky foundations, religious zealotry and bears almost no resemb...
Debt : The First 5000 years or an alternate history of money
A difficult book to read --in the sense that it has to be read two or three times for all implications to be fully absorbed. Yet it is a rewarding read --since it gives very cogent arguments for (1) Putting Adam Smith in perspective: The myth of the rational "utility" calculating man has been debunked by many scholars-- some even getting the Nobel Prize for their work on behavioural economics;not many have challenged Smith's views on Markets vs. Government and even fewer have so clearly s...
I have a very hazy understanding of the world of Finance but this book was a real eye-opener. In the vein of The Ascent of Money this is a highly informed author's views on everything that is Debt and money. A very easy read for both financial and non-financial pros.