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Borrow: The American Way of Debt

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Borrow: The American Way of Debt Cover

 

Synopses & Reviews

Publisher Comments:

In this lively history of consumer debt in America, economic historian Louis Hyman demonstrates that today’s problems are not as new as we think.

Borrow examines how the rise of consumer borrowing—virtually unknown before the twentieth century—has altered our culture and economy. Starting in the years before the Great Depression, increased access to money raised living standards but also introduced unforeseen risks. As lending grew more and more profitable, it displaced funds available for business borrowing, setting our economy on an unsustainable course. Told through the vivid stories of individuals and institutions affected by these changes, Borrow charts the collision of commerce and culture in twentieth-century America, giving an historical perspective on what is new—and what is not—in today’s economic turmoil.

About the Author

Louis Hyman attended Columbia University, where he received a BA in history and mathematics. A former Fulbright scholar and a consultant at McKinsey & Co., he received his PhD in American history in 2007 from Harvard University. He is currently an assistant professor in Cornell University’s School of Industrial and Labor Relations, where he teaches history.

Product Details

ISBN:
9780307744906
Subtitle:
The American Way of Debt
Publisher:
Knopf Doubleday Publishing Group
Author:
Hyman, Louis
Publication Date:
20120124
Binding:
ELECTRONIC
Language:
English
Pages:
200

Related Subjects

Business » Accounting and Finance
Business » History and Biographies
History and Social Science » US History » General
History and Social Science » World History » General

Borrow: The American Way of Debt
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Product details 200 pages Knopf Doubleday Publishing Group - English 9780307744906 Reviews:
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