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Paper Promises

Debt, Money, and the New World Order

Paper Promises Open the full-size image

Contributors

By Philip Coggan

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$11.99

Format

Format:

  1. ebook $11.99
  2. Trade Paperback $21.99

This item is a preorder. Your payment method will be charged immediately, and the product is expected to ship on or around January 17, 2012. This date is subject to change due to shipping delays beyond our control.

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Winner of the Spear’s Best Business Book Award

Longlisted for the 2012 Financial Times and Goldman Sachs Business Book of the Year Award

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 the 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.

In Paper Promises, Economist columnist Philip Coggan helps us to understand the origins of this mess and how it will affect the new global economy by explaining how our attitudes towards debt have changed throughout history, and how they may be about to change again.

Genre:

On Sale
Jan 17, 2012
Page Count
304 pages
Publisher
PublicAffairs
ISBN-13
9781610391276

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Philip Coggan

About the Author

Philip Coggan writes the Bartleby column for The Economist and is the former writer of the Buttonwood column. Previously, he worked for the Financial Times for twenty years. In 2009, he was voted Senior Financial Journalist of the Year in the Wincott awards and best communicator in the Business Journalist of the Year Awards. Among his books are The Money Machine, The Economist Guide to Hedge Funds and Paper Promises.

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