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OverviewFull Product DetailsAuthor: Atif Mian , Amir Sufi , Amir SufiPublisher: The University of Chicago Press Imprint: University of Chicago Press Edition: First Edition, Enlarged ed. Dimensions: Width: 15.70cm , Height: 1.50cm , Length: 22.70cm Weight: 0.400kg ISBN: 9780226271651ISBN 10: 022627165 Pages: 232 Publication Date: 20 May 2015 Audience: General/trade , Adult education , General , Further / Higher Education Format: Paperback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of ContentsReviewsPerhaps the most important single lesson of the crisis is that beyond some point the growth in debt adds to the fragility of the economy more than it adds to either personal welfare or aggregate demand. Atif Mian and Amir Sufi argue this persuasively in House of Debt. --Martin Wolf Financial Times It is all too easy to get wrapped up in the glamour and squalor of financial maneuvers. One forgets that the financial system is useful only to the extent that it makes the everyday economy of production, employment, consumption and capital formation work better, and avoids doing harm. Mian and Sufi do not make this mistake. Their principles and their very ingenious research keep the focus where it belongs. They tell a powerful story about excessive debt that any reader can understand, they nail it down with careful use of data, and they have serious ideas about how to make the system better and safer. It is a splendid book. --Robert M. Solow Distills lessons about the crisis from their recent research into one easily digestible package. (Economist) The economists Mian and Sufi are our leading experts on the problems created by debt overhang. (Paul Krugman, New York Review of Books) A concise and powerful account of how the great recession happened and what should be done to avoid another one. (Wall Street Journal) The most important economics book of the year. (Lawrence Summers, Financial Times) Mian and Sufi deserve credit of another kind for detalling how ensnared the American Dream is in this tangled web of debt finance-and how exposed the vast majority of us are to the broader economic consequences. (Atlantic) Author InformationAtif Mian is the Theodore A. Wells '29 Professor of Economics at Princeton University and director of the Julis-Rabinowitz Center for Public Policy and Finance. Amir Sufi is the Chicago Board of Trade Professor of Finance at the University of Chicago Booth School of Business. Tab Content 6Author Website:Countries AvailableAll regions |
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