At the same time, this volume offers a history of premodern credit systems which takes seriously the dual nature of debt as both quantifiable economic reality and immeasurable social obligation. A distinguished group of ancient historians assesses how well Graeber's interpretations fit current understandings of ancient and late antique economies. It also led to the emergence of modes of thought that have shaped Eurasian philosophical and religious traditions ever since.ĭebt in the Ancient Mediterranean and the Near East explores the implications of this theory for the history of the Mediterranean and Near East. Graeber suggests that this transformation made possible new economic institutions, such as IOUs, coinage, and chattel slavery. From the Late Bronze Age onwards, all across the Near East and Mediterranean, relationships of mutual obligation were transformed into quantifiable and legally enforceable debts. In his Debt: The First 5000 Years, the anthropologist David Graeber put forward a new grand narrative of world history. Oxford Research Encyclopedias: Global Public Health.The European Society of Cardiology Series.
Oxford Commentaries on International Law.
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