The Global Debt Bomb

by James L. Clayton

Overview

Within a historical perspective, Clayton clearly explains the "culture of debt" - its definition, how it got to be such a major burden, why we can't live without it, and ways to manage it more efficiently. He addresses the development of debt over the course of the 20th century in both the US and world economies. This comprehensive multidisciplinary analysis covers all aspects of debt - benefits and necessity; the impact (both good and bad) on individuals, corporations and governments; and lessons to be learned from the past. Clayton, drawing on current research and extensive primary data in economics, political science, and history, concludes that with our rapacious accumulation of debt and common-place use of "debt-finance", our society has set itself up for a significant financial decline.

Product Details

ISBN-13:	9781315292151
Publisher:	Taylor & Francis
Publication date:	09/16/2016
Sold by:	Barnes & Noble
Format:	eBook
Pages:	208
File size:	808 KB

About the Author

James L. Clayton

Table of Contents

List of Tables and Figures, Preface, 1. An Introduction to the Debt Culture, 2. The Global Debt Picture, 3. The Nature of Debt, 4. Private Debt, 5. Public Debt, 6. Disarming the Debt Bomb, Notes, Bibliography, Index

Editorial Reviews

From the perspective of economic history, Clayton (history, U. of Utah) explains the culture of debt that has developed over the course of the 20th century in both the US and world economies. He explores the benefits and necessity of debt and the impact it has on individuals, corporations, and governments. He warns that the rapacious accumulation of debt and common use of debt finance has set society up for a fall. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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