Question: The anthropologist David Graeber offers another perspective in chapter 2 of his book Debt the First 5000 years. 1. How does the Mishkin Textbook describe

The anthropologist David Graeber offers another perspective in chapter 2 of his book "Debt the First 5000 years".

1. How does the Mishkin Textbook describe the creation of money? Who created and it and why?

2. What explanation does Graeber offer for why the "textbook" story of the creation of money became the preferred story for economics and economic textbook writers?

3. What are the examples of the Gunwinggu and Nambikwara rituals of exchange meant to illustrate about economic exchange?

4. How does Graeber argue people got around the "double coincidence of wants" before money?

5. In what ways is a "barter" economy without money different than a "credit" economy without money?

6. Towards the end of the chapter Graeber offers a theory of the creation of money in ancient Sumer. Describe why and how money was used in ancient Sumer.

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