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Books > History > History of specific subjects > Economic history
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The Global Debt Bomb (Hardcover)
Loot Price: R2,872
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The Global Debt Bomb (Hardcover)
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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.
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