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Paper Promises: Debt, Money, and the New World Order

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Paper Promises: Debt, Money, and the New World Order Cover

 

Synopses & Reviews

Publisher Comments:

Longlisted for the 2012 Financial Times and Goldman Sachs Business Book of the Year Award

For 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 todays 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.

Synopsis:

From the Economists award-winning Buttonwood columnist comes a timely and incisive analysis of debt: the defining feature of our financial era

About the Author

Philip Coggan is the Buttonwood columnist of the Economist. Previously, he worked for the Financial Times for twenty years, most recently as investment editor. Among his books are The Money Machine, a guide to the city of London that is still in print in the UK after twenty-five years, and The Economist Guide to Hedge Funds.

Product Details

ISBN:
9781610392297
Author:
Coggan, Philip
Publisher:
PublicAffairs
Subject:
Economic Conditions
Subject:
Economics - General
Edition Description:
First Trade Paper Edition
Publication Date:
20130331
Binding:
TRADE PAPER
Language:
English
Illustrations:
charts
Pages:
320
Dimensions:
9 x 6 in

Related Subjects

History and Social Science » Economics » General
History and Social Science » Politics » General

Paper Promises: Debt, Money, and the New World Order New Trade Paper
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Product details 320 pages PublicAffairs - English 9781610392297 Reviews:
"Synopsis" by ,
From the Economists award-winning Buttonwood columnist comes a timely and incisive analysis of debt: the defining feature of our financial era
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