Paper Promises - Debt, Money, and the New World Order (Paperback, First Trade Paper Edition)

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.

General

Imprint:	PublicAffairs,U.S.
Country of origin:	United States
Release date:	February 2013
First published:	March 2013
Authors:	Philip Coggan
Dimensions:	209 x 140 x 23mm (L x W x T)
Format:	Paperback - Trade
Pages:	302
Edition:	First Trade Paper Edition
ISBN-13:	978-1-61039-229-7
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Business & Economics > Finance & accounting > Finance > Banking Books > Money & Finance > Banking
LSN:	1-61039-229-9
Barcode:	9781610392297

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