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Forgive us our debts

Benjamin Kunkel: The History of Debt, 10 May 2012

Paper Promises: Money, Debt and the New World Order 
by Philip Coggan.
Allen Lane, 294 pp., £20, December 2011, 978 1 84614 510 0
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Debt: The First 5000 Years 
by David Graeber.
Melville House, 534 pp., £21.99, July 2011, 978 1 933633 86 2
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... digest of changes in Western monetary policy over the last few centuries by the Economist writer Philip Coggan, and in Debt: The First 5000 Years by the anthropologist and activist David Graeber, which situates the same stretch of modern history within the vast tidal shifts, across five millennia of Eurasian history, between monetary regimes ...

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