House of Debt |
Subtitle:
How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again
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Book Category:
Business & Economics > General
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Author:
Atif Mian| Amir Sufi
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Binding:
Cloth
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ISBN 13:
9780226081946
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Price:
USD 26
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Publisher Info
University of Chicago Press,1427 East 60th Street,
Chicago ,
Illinois - 60637,USA
Web: press.uchicago.edu Key Contact Information
Micah Fehrenbacher
International Sales Manager
Bill Kennedy
Director, Avicenna Partnership Ltd.
The Great American Recession resulted in the loss of eight million jobs between 2007 and 2009. More than four million homes were lost to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the recession that the total amount of debt for American households doubled between 2000 and 2007 to $14 trillion? Definitely not. Armed with clear and powerful evidence, Atif Mian and Amir Sufi reveal in House of Debt how the Great Recession and Great Depression, as well as the current economic malaise in Europe, were caused by a large run-up in household debt followed by a significantly large drop in household spending.
Bill Kennedy Avicenna Partnership Ltd. P.O. Box 501 Whitney Oxfordshire OX28 9JL +44 7802 244457 [email protected]