![]() ![]() 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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