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- DescriptionLonglisted for the 2012 Financial Times and Goldman Sachs Business Book of the Year Award For the past forty years western ecomies have splurged on debt. Now, the reality dawns that many debts cant be repaid. But the oncoming defaults have a time-worn place in our ecomic 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 ather. To understand the origins of this mess and how it will affect the new global ecomy, Coggan shows us how our attitudes toward debt have changed throughout history--and how they may be about to change again.
- Author BiographyPhilip 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.
- Author(s)Philip Coggan
- PublisherThe Perseus Books Group
- Date of Publication21/03/2013
- SubjectEconomics: Professional & General
- Place of PublicationNew York
- Country of PublicationUnited States
- Content Notecharts
- Weight314 g
- Width140 mm
- Height210 mm
- Spine25 mm
- Format DetailsTrade paperback (US)
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