Quotessence
Home / Quotes / Quote by David Graeber

Quote by David Graeber

“Tally sticks were quite explicitly IOUs: both parties to a transaction would take a hazelwood twig, notch it to indicate the amount owed, and then split it in half. The creditor would keep one half, called "the stock" (hence the origin of the term "stock holder") and the debtor kept the other, called "the stub" (hence the origin of the term "ticket stub.)”

Quote by David Graeber

Book:Debt: The First 5,000 Years
Create image

Work

Debt: The First 5,000 Years

Browse quotes and source details for this work. more

Author

David Graeber
David Graeber

David Graeber is an American anthropologist known for his research on economic anthropology, anarchism, and critical theory. His work explores the issues of economic relationships and power structures in modern society. more

You May Also Like

“During the Bosnian war in the late 1990s, I spent several days traveling around the country with Susan Sontag and her son, my dear friend David Rieff. On one occasion, we made a special detour to the town of Zenica, where there was reported to be a serious infiltration of outside Muslim extremists: a charge that was often used to slander the Bosnian government of the time. We found very little evidence of that, but the community itself was much riven as between Muslim, Croat, and Serb. No faction was strong enough to predominate, each was strong enough to veto the other's candidate for the chairmanship of the city council. Eventually, and in a way that was characteristically Bosnian, all three parties called on one of the town's few Jews and asked him to assume the job. We called on him, and found that he was also the resident intellectual, with a natural gift for synthesizing matters. After we left him, Susan began to chortle in the car. 'What do you think?' she asked. 'Do you think that the only dentist and the only shrink in Zenica are Jewish also?' It would be dense to have pretended not to see her joke.”

ReligionHumourExtremismReligious ExtremismJewsMuslimsBosniaIntellectualsBosnian WarZealotry1990sCroatsSerbsIslamic ExtremismDavid RieffCity CouncilsSontagZenica
Book:Hitch 22: A Memoir
Create image