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Paper Promises

By Philip Coggan

Product Image: Paper Promises

Paper Promises

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Description
Longlisted for the 2012 Financial Times and Goldman Sachs Business Book of the Year AwardFor the past forty years western economies have splurged on debt. Now, the reality dawns that many debts cannot be repaid. But the oncoming defaults have a time-worn place in our economic history. As with crises in the 1930s and 1970s, governments will fall, currencies will lose their value, and new systems will emerge. Just as Britain set the terms of the international system in the nineteenth century, and America in the twentieth century, a new system will be set by today's creditors in China and the Middle East. In the process, rich will be pitted against poor, young against old, public sector workers against taxpayers, and one country against another. To understand the origins of this mess and how it will affect the new global economy, Coggan shows us how our attitudes toward debt have changed throughout history,and how they may be about to change again.
Product details
Binding:
Paperback
Edition:
illustrated
Number of Pages:
320
Release Date:
2013-03-05
Publication Date:
2013-03-01
Publisher:
Hachette Book Group USA
Languages:
Original: English
ISBN10:
1610392299
ISBN13:
9781610392297
GPSR Manufacturer Reference:
[email protected]
Weight:
316 g
Height:
139 cm
Width:
208 cm
Thickness:
25 cm
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