The Paradox of Debt : : A New Path to Prosperity Without Crisis / / Richard Vague.
When we talk about debt and its impact on our economy, we almost always mean “government debt.” However, this is only a small part of the picture: individuals, private firms, and households owe trillions, and these private debts are vital to understanding the economy.In this iconoclastic book, Richa...
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Place / Publishing House: | Philadelphia : : University of Pennsylvania Press, , [2023] ©2023 |
Year of Publication: | 2023 |
Language: | English |
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Vague, Richard, author. aut http://id.loc.gov/vocabulary/relators/aut The Paradox of Debt : A New Path to Prosperity Without Crisis / Richard Vague. Philadelphia : University of Pennsylvania Press, [2023] ©2023 1 online resource (304 p.) text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- CONTENTS -- List of Figures -- INTRODUCTION -- 1 WHY DEBT GROWS -- 2 OPENING THE BOOKS ON DEBT -- 3 COMPANY SHARES, REAL ESTATE, AND INEQUALITY -- 4 GROWTH STRATEGIES -- 5 THE RELATIVE WEALTH OF NATIONS -- 6 THE COVID BUBBLE, INFLATION, AND REVERSAL -- 7 THE DARK SIDE OF DEBT -- 8 THE LIMITS OF DEBT -- 9 POLICY THOUGHTS AND PROVOCATIONS -- EPILOGUE -- ACKNOWLEDGMENTS -- Appendix A NOTES ON DATA -- Appendix B GLOSSARY -- Appendix C LIST OF SUPPLEMENTAL APPENDICES ONLINE -- NOTES -- INDEX restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star When we talk about debt and its impact on our economy, we almost always mean “government debt.” However, this is only a small part of the picture: individuals, private firms, and households owe trillions, and these private debts are vital to understanding the economy.In this iconoclastic book, Richard Vague examines the assets, liabilities, and incomes of the entire country, private and public sector, to reveal its net worth. His holistic analysis shows that the real factor that drives both financial crises and spiraling inequality—but also, paradoxically, economic growth—is ever rising private debt. The paradox is that while debt is essential and our economy relies on it, it also brings instability unless it is periodically deleveraged—and that is very hard to do. It can, however, be carefully managed, and Vague ends the book by showing how to do so in policy areas ranging from trade and housing to financial policy and student debt.Underpinned by pioneering data analysis and the author’s lifetime of experience in the financial world, this book is essential for anyone who wants to understand the deep, underlying dynamics of the American economy. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Aug 2023) Debt. Finance, Personal. BUSINESS & ECONOMICS / Economics / General. bisacsh GDP. assets. balance sheet. banking. company shares. covid. de-leveraging. debt exploitation. debt jubilee. deficit. economic growth. economic inequality. equity. finance. financial crisis. financial policy. government program. household debt. household income. housing policy. inflation. investments. loan forgiveness. mortgage. net worth. policy recommendations. private debt. public debt. real estate. stock market. student loan. underserved communities. Title is part of eBook package: De Gruyter University of Pennsylvania Press Complete eBook-Package 2023 9783110791372 https://doi.org/10.9783/9781512825336?locatt=mode:legacy https://www.degruyter.com/isbn/9781512825336 Cover https://www.degruyter.com/document/cover/isbn/9781512825336/original |
language |
English |
format |
eBook |
author |
Vague, Richard, Vague, Richard, |
spellingShingle |
Vague, Richard, Vague, Richard, The Paradox of Debt : A New Path to Prosperity Without Crisis / Frontmatter -- CONTENTS -- List of Figures -- INTRODUCTION -- 1 WHY DEBT GROWS -- 2 OPENING THE BOOKS ON DEBT -- 3 COMPANY SHARES, REAL ESTATE, AND INEQUALITY -- 4 GROWTH STRATEGIES -- 5 THE RELATIVE WEALTH OF NATIONS -- 6 THE COVID BUBBLE, INFLATION, AND REVERSAL -- 7 THE DARK SIDE OF DEBT -- 8 THE LIMITS OF DEBT -- 9 POLICY THOUGHTS AND PROVOCATIONS -- EPILOGUE -- ACKNOWLEDGMENTS -- Appendix A NOTES ON DATA -- Appendix B GLOSSARY -- Appendix C LIST OF SUPPLEMENTAL APPENDICES ONLINE -- NOTES -- INDEX |
author_facet |
Vague, Richard, Vague, Richard, |
author_variant |
r v rv r v rv |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Vague, Richard, |
title |
The Paradox of Debt : A New Path to Prosperity Without Crisis / |
title_sub |
A New Path to Prosperity Without Crisis / |
title_full |
The Paradox of Debt : A New Path to Prosperity Without Crisis / Richard Vague. |
title_fullStr |
The Paradox of Debt : A New Path to Prosperity Without Crisis / Richard Vague. |
title_full_unstemmed |
The Paradox of Debt : A New Path to Prosperity Without Crisis / Richard Vague. |
title_auth |
The Paradox of Debt : A New Path to Prosperity Without Crisis / |
title_alt |
Frontmatter -- CONTENTS -- List of Figures -- INTRODUCTION -- 1 WHY DEBT GROWS -- 2 OPENING THE BOOKS ON DEBT -- 3 COMPANY SHARES, REAL ESTATE, AND INEQUALITY -- 4 GROWTH STRATEGIES -- 5 THE RELATIVE WEALTH OF NATIONS -- 6 THE COVID BUBBLE, INFLATION, AND REVERSAL -- 7 THE DARK SIDE OF DEBT -- 8 THE LIMITS OF DEBT -- 9 POLICY THOUGHTS AND PROVOCATIONS -- EPILOGUE -- ACKNOWLEDGMENTS -- Appendix A NOTES ON DATA -- Appendix B GLOSSARY -- Appendix C LIST OF SUPPLEMENTAL APPENDICES ONLINE -- NOTES -- INDEX |
title_new |
The Paradox of Debt : |
title_sort |
the paradox of debt : a new path to prosperity without crisis / |
publisher |
University of Pennsylvania Press, |
publishDate |
2023 |
physical |
1 online resource (304 p.) |
contents |
Frontmatter -- CONTENTS -- List of Figures -- INTRODUCTION -- 1 WHY DEBT GROWS -- 2 OPENING THE BOOKS ON DEBT -- 3 COMPANY SHARES, REAL ESTATE, AND INEQUALITY -- 4 GROWTH STRATEGIES -- 5 THE RELATIVE WEALTH OF NATIONS -- 6 THE COVID BUBBLE, INFLATION, AND REVERSAL -- 7 THE DARK SIDE OF DEBT -- 8 THE LIMITS OF DEBT -- 9 POLICY THOUGHTS AND PROVOCATIONS -- EPILOGUE -- ACKNOWLEDGMENTS -- Appendix A NOTES ON DATA -- Appendix B GLOSSARY -- Appendix C LIST OF SUPPLEMENTAL APPENDICES ONLINE -- NOTES -- INDEX |
isbn |
9781512825336 9783110791372 |
callnumber-first |
H - Social Science |
callnumber-subject |
HG - Finance |
callnumber-label |
HG179 |
callnumber-sort |
HG 3179 V35 42023 |
url |
https://doi.org/10.9783/9781512825336?locatt=mode:legacy https://www.degruyter.com/isbn/9781512825336 https://www.degruyter.com/document/cover/isbn/9781512825336/original |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
332 - Financial economics |
dewey-full |
332.02402 |
dewey-sort |
3332.02402 |
dewey-raw |
332.02402 |
dewey-search |
332.02402 |
doi_str_mv |
10.9783/9781512825336?locatt=mode:legacy |
work_keys_str_mv |
AT vaguerichard theparadoxofdebtanewpathtoprosperitywithoutcrisis AT vaguerichard paradoxofdebtanewpathtoprosperitywithoutcrisis |
status_str |
n |
ids_txt_mv |
(DE-B1597)652463 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter University of Pennsylvania Press Complete eBook-Package 2023 |
is_hierarchy_title |
The Paradox of Debt : A New Path to Prosperity Without Crisis / |
container_title |
Title is part of eBook package: De Gruyter University of Pennsylvania Press Complete eBook-Package 2023 |
_version_ |
1775793046134194176 |
fullrecord |
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