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Choice Reviews Online· 2012

Debt: the first 5,000 years

Short summary

Contrary to economic textbooks, 5,000-year-old agrarian empires used elaborate credit systems, not money, to replace barter, leading to societies divided into debtors and creditors.

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Field: General Economics, Econometrics and Finance

General Economics, Econometrics and FinanceEconomics, Econometrics and Finance