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.
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Tim Harford, author of Adapt and The Undercover Economist
This is a remarkable book from one of the most respected economics journalists on the planet. Every page brings a fresh insight or a new surprise. A delight.”
Financial Times
"Bold and confident ... Coggan covers the terrain with characteristic calmness and objectivity, avoids over-simplification, and laces his arguments with his trademark erudition ... The alphabet soup of acronyms, from SIVs to CDO Squareds, is blissfully lacking ... Finally, the book is free from the shrieking ideology that afflicts virtually all contemporary debates over money. Indeed, it offers a clear explanation of the fresh ideological divisions that have arisen over how to deal with the crisis ... the book should be taken very seriously."
Publishers Weekly, October 31, 2011
Coggan traces history's tug of war between monetary shortage and excess' in this engaging and timely book about the current financial crisis . Thoughtful and thorough.”
Kirkus, November 15, 2011
Comprehensive . A helpful analysis for anyone who wants to know how the world got into the present financial mess, which issues need to be addressed and what the consequences might be.”
Nassim Nicholas Taleb, author of The Black Swan
This book stands way above anything written on the present economic crisis.”
Joshua Rauh, Kellogg School of Management, Northwestern University
800-CEO-READ
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