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Item Details
Title: PAPER PROMISES
DEBT, MONEY, AND THE NEW WORLD ORDER
By: Philip Coggan
Format: Paperback

List price: £18.99
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ISBN 10: 1610392299
ISBN 13: 9781610392297
Availability: Usually dispatched within 1-3 weeks.
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Publisher: INGRAM PUBLISHER SERVICES US
Pub. date: 5 March, 2013
Pages: 320
Description: 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.
Synopsis: 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.
Illustrations: charts
Publication: US
Imprint: PublicAffairs,U.S.
Returns: Returnable
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