Community | August 26, 2011 | 1 comment

What is debt? An interview with economic anthropologist David Graeber

source: http://www.nakedcapitalism.com/2011/08/what-is-debt-

The real question is not how does barter generate some sort of medium of exchange, that then becomes money, but rather, how does that broad sense of "I owe you one" turn into a precise system of measurement – that is: money as a unit of account?
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