November 9 2020 | Modern Money Theory: Week 1 | Back Next |
Hockett and James write:
"Every relationship, whether in work, marriage, or friendship, in a village or a large society, comes with debts and obligations. We owe things to others, they owe things to us." (26)
We make promises to one another
We incur obligations
"I 'owe you one'"
"I am in your debt"
We satisfy our promises
"We're even. I no longer 'owe you one'"
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