...and forgive them their debts
Book description
In ...and forgive them their debts, renowned economist Michael Hudson – one of the few who could see the 2008 financial crisis coming – takes us on an epic journey through the economies of ancient civilizations and reveals their relevance for us today. For the past 40 years, in conjunction…
Why read it?
1 author picked ...and forgive them their debts as one of their favorite books. Why do they recommend it?
I can’t say how much I love this book. It explains everything we know intuitively about economics but find hard to justify. Hudson was one of the few who saw the 2008 crisis coming, and he is still one of the few who know what we must do now. Taking the discussion of David Graeber’s extraordinary 2011 book Debt: The First 5000 Years to the next level, Hudson shows how Bronze Age rulers understood economic instability better than we do. When people get into serious debt, their personal crises not only destroy their own lives but ripple outwards to derail…
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