Paper promises
money, debt and the new world order
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Word Count
73,500 words, Guess
Page Count
294 pages
Identifiers
- Internet Archivepaperpromisesmon0000cogg_z0h5
- ISBN-101846145104
- ISBN-139781846145100
- OCLC Control Number753305166
- Better World Books9781846145100
and 1 more
- Open LibraryOL26486607M
Classifications
- DDC332.1
- LCCHG221 .C64 2011
- LCCHG173
Description
For the past forty years, Western economies have splurged on debt. Now, as the reality dawns that many debts cannot be repaid, we find ourselves again in crisis. But the oncoming defaults have a time-worn place in our economic history. As with crises in the thirties and seventies, 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.
Subjects
Topics
Other Editions
- Paper promises: money, debt and the new world order
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