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The game has been around as long as civilization has been around. The conventional view is that money came first, then debt, when actually it was the other way
by caseydurfee 12y ago
The game has been around as long as civilization has been around. The conventional view is that money came first, then debt, when actually it was the other way around. Rather than being a modern invention, debt and the management thereof was what led to the creation of money and accounting.
Debt: The First 5000 Years [1] is an excellent book I'd recommend if you're interested in the history. It's very well researched and a fascinating read (even if you don't agree with the author's politics.)
[1] https://www.librarything.com/work/9530527 https://www.librarything.com/work/9530527