The Next Economic Disaster: Why It's Coming and How to Avoid It

Current debates about economic crises typically focus on the role that public debt and debt-fueled public spending...
€27,70 EUR
€27,70 EUR
SKU: 9780812247046
Product Type: Books
Please hurry! Only 219 left in stock
Author: Richard Vague
Format: Hardcover
Language: English
Subtotal: €27,70
10 customers are viewing this product
The Next Economic Disaster: Why It's Coming and How to Avoid It by Vague, Richard

The Next Economic Disaster: Why It's Coming and How to Avoid It

€27,70

The Next Economic Disaster: Why It's Coming and How to Avoid It

€27,70
Author: Richard Vague
Format: Hardcover
Language: English

Current debates about economic crises typically focus on the role that public debt and debt-fueled public spending play in economic growth. This illuminating and provocative work shows that it is the rapid expansion of private rather than public debt that constrains growth and sparks economic calamities like the financial crisis of 2008.

Relying on the findings of a team of economists, credit expert Richard Vague argues that the Great Depression of the 1930s, the economic collapse of the past decade, and many other sharp downturns around the world were all preceded by a spike in privately held debt. Vague presents an algorithm for predicting crises and argues that China may soon face disaster. Since American debt levels have not declined significantly since 2008, Vague believes that economic growth in the United States will suffer unless banks embrace a policy of debt restructuring.

All informed citizens, but especially those interested in economic policy and history, will want to contend with Vague's distressing arguments and evidence.

Author: Richard Vague
Publisher: University of Pennsylvania Press
Published: 08/12/2014
Pages: 104
Binding Type: Hardcover
Weight: 0.65lbs
Size: 8.60h x 5.60w x 0.60d
ISBN: 9780812247046


Review Citation(s):
Choice 12/01/2014 pg. 670

About the Author
Philanthropist and former banker Richard Vague is a managing partner of Gabriel Investments and Chairman of The Governor's Woods Foundation.

Returns Policy

You may return most new, unopened items within 30 days of delivery for a full refund. We'll also pay the return shipping costs if the return is a result of our error (you received an incorrect or defective item, etc.).

You should expect to receive your refund within four weeks of giving your package to the return shipper, however, in many cases you will receive a refund more quickly. This time period includes the transit time for us to receive your return from the shipper (5 to 10 business days), the time it takes us to process your return once we receive it (3 to 5 business days), and the time it takes your bank to process our refund request (5 to 10 business days).

If you need to return an item, simply login to your account, view the order using the "Complete Orders" link under the My Account menu and click the Return Item(s) button. We'll notify you via e-mail of your refund once we've received and processed the returned item.

Shipping

We can ship to virtually any address in the world. Note that there are restrictions on some products, and some products cannot be shipped to international destinations.

When you place an order, we will estimate shipping and delivery dates for you based on the availability of your items and the shipping options you choose. Depending on the shipping provider you choose, shipping date estimates may appear on the shipping quotes page.

Please also note that the shipping rates for many items we sell are weight-based. The weight of any such item can be found on its detail page. To reflect the policies of the shipping companies we use, all weights will be rounded up to the next full pound.

Related Products

Recently Viewed Products