A01=James L. Clayton
Author_James L. Clayton
Category=KCL
Category=KCZ
Category=KFFD
corporate
Corporate Debt
Corporate Debt Ratios
Debt Bomb
Debt Levels
debt sustainability models
economic history research
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Equity Bubbles
Federal Reserve
financial crises analysis
fiscal policy impacts
GDP Fall
Gdp Ratio
global debt accumulation trends
Global Debt Crisis
GOP Ratio
Home Mortgage Debt
household
Household Debt
levels
macroeconomic instability
Mortgage Debt
Net Worth
ofgdp
percent
Percent ofGDP
private
Private Debt
Private Debt Levels
Private Saving Rates
Private Sector Debt
public
Public Debt
Public Debt Levels
Public Debt Problem
Public Indebtedness
rates
savings
sector
sovereign risk assessment
Total Credit Market Debt
United States
Product details
- ISBN 9780765604750
- Weight: 453g
- Dimensions: 152 x 229mm
- Publication Date: 30 Sep 1999
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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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.
