Debtors' Prison: The Politics of Austerity Versus Possibility
(Adobe EPUB eBook, Kindle Book, OverDrive Read)

Book Cover
Average Rating
Published:
Knopf Doubleday Publishing Group 2013
Format:
Adobe EPUB eBook, Kindle Book, OverDrive Read
Status:
Available from OverDrive
Description

One of our foremost economic thinkers challenges a cherished tenet of today's financial orthodoxy: that spending less, refusing to forgive debt, and shrinking government--"austerity"--is the solution to a persisting economic crisis like ours or Europe's, now in its fifth year. Since the collapse of September 2008, the conversation about economic recovery has centered on the question of debt: whether we have too much of it, whose debt to forgive, and how to cut the deficit. These questions dominated the sound bites of the 2012 U.S. presidential election, the fiscal-cliff debates, and the perverse policies of the European Union. Robert Kuttner makes the most powerful argument to date that these are the wrong questions and that austerity is the wrong answer. Blending economics with historical contrasts of effective debt relief and punitive debt enforcement, he makes clear that universal belt-tightening, as a prescription for recession, defies economic logic. And while the public debt gets most of the attention, it is private debts that crashed the economy and are sandbagging the recovery--mortgages, student loans, consumer borrowing to make up for lagging wages, speculative shortfalls incurred by banks. As Kuttner observes, corporations get to use bankruptcy to walk away from debts. Homeowners and small nations don't. Thus, we need more public borrowing and investment to revive a depressed economy, and more forgiveness and reform of the overhang of past debts. In making his case, Kuttner uncovers the double standards in the politics of debt, from Robinson Crusoe author Daniel Defoe's campaign for debt forgiveness in the seventeenth century to the two world wars and Bretton Woods. Just as debtors' prisons once prevented individuals from surmounting their debts and resuming productive life, austerity measures shackle, rather than restore, economic growth--as the weight of past debt crushes the economy's future potential. Above all, Kuttner shows how austerity serves only the interest of creditors--the very bankers and financial elites whose actions precipitated the collapse. Lucid, authoritative, provocative--a book that will shape the economic conversation and the search for new solutions.

From the Hardcover edition.
Also in This Series
Formats
Adobe EPUB eBook
Works on all eReaders (except Kindles), desktop computers and mobile devices with with reading apps installed.
Kindle Book
Works on Kindles and devices with a Kindle app installed.
Need Help?
If you are having problem transferring a title to your device, please fill out this support form or visit the library so we can help you to use our eBooks and eAudio Books.
More Like This
Other Editions and Formats
More Details
Street Date:
04/30/2013
Language:
English
ISBN:
9780307959812
ASIN:
B00A1O4L46
Reviews from GoodReads
Loading GoodReads Reviews.
Citations
APA Citation (style guide)

Robert Kuttner. (2013). Debtors' Prison: The Politics of Austerity Versus Possibility. Knopf Doubleday Publishing Group.

Chicago / Turabian - Author Date Citation (style guide)

Robert Kuttner. 2013. Debtors' Prison: The Politics of Austerity Versus Possibility. Knopf Doubleday Publishing Group.

Chicago / Turabian - Humanities Citation (style guide)

Robert Kuttner, Debtors' Prison: The Politics of Austerity Versus Possibility. Knopf Doubleday Publishing Group, 2013.

MLA Citation (style guide)

Robert Kuttner. Debtors' Prison: The Politics of Austerity Versus Possibility. Knopf Doubleday Publishing Group, 2013. Web.

Note! Citation formats are based on standards as of July 2010. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
Copy Details
LibraryOwnedAvailable
Shared Digital Collection11
Staff View
Grouped Work ID:
b26cc6fe-cb1e-c055-db88-b8f9e48f3bfc
Go To Grouped Work
Needs Update?:
No
Date Added:
Sep 18, 2013 09:51:47
Date Updated:
Dec 08, 2018 23:49:54
Last Metadata Check:
Dec 08, 2018 23:52:23
Last Metadata Change:
Nov 09, 2018 09:19:19
Last Availability Check:
Dec 08, 2018 23:52:24
Last Availability Change:
Jul 14, 2018 04:36:02

OverDrive Product Record

images
    • cover:
        • href: https://img1.od-cdn.com/ImageType-100/0111-1/{099940C2-5347-404E-A327-AF135E8646BA}Img100.jpg
        • type: image/jpeg
    • thumbnail:
        • href: https://img1.od-cdn.com/ImageType-200/0111-1/{099940C2-5347-404E-A327-AF135E8646BA}Img200.jpg
        • type: image/jpeg
    • cover150Wide:
        • href: https://img1.od-cdn.com/ImageType-150/0111-1/099/940/C2/{099940C2-5347-404E-A327-AF135E8646BA}Img150.jpg
        • type: image/jpeg
    • cover300Wide:
        • href: https://img1.od-cdn.com/ImageType-400/0111-1/099/940/C2/{099940C2-5347-404E-A327-AF135E8646BA}Img400.jpg
        • type: image/jpeg
formats
      • identifiers:
            • type: ISBN
            • value: 9780307959812
            • type: PublisherCatalogNumber
            • value: 219148
      • name: Adobe EPUB eBook
      • id: ebook-epub-adobe
      • identifiers:
            • type: ASIN
            • value: B00A1O4L46
            • type: PublisherCatalogNumber
            • value: 219148
      • name: Kindle Book
      • id: ebook-kindle
      • identifiers:
            • type: PublisherCatalogNumber
            • value: 219148
            • type: ISBN
            • value: 9780307959812
      • name: OverDrive Read
      • id: ebook-overdrive
mediaType
eBook
primaryCreator
    • role: Author
    • name: Robert Kuttner
title
Debtors' Prison
dateAdded
2013-06-27T15:54:00-04:00
contentDetails
      • href: https://link.overdrive.com/?websiteID=239&titleID=1138991
      • type: text/html
      • account:
          • name: Nashville Public Library (TN)
          • id: 1351
sortTitle
Debtors Prison The Politics of Austerity Versus Possibility
crossRefId
1138991
subtitle
The Politics of Austerity Versus Possibility
id
099940c2-5347-404e-a327-af135e8646ba
starRating
2.6

OverDrive MetaData

isPublicDomain
False
images
    • cover:
        • href: https://img1.od-cdn.com/ImageType-100/0111-1/{099940C2-5347-404E-A327-AF135E8646BA}Img100.jpg
        • type: image/jpeg
    • thumbnail:
        • href: https://img1.od-cdn.com/ImageType-200/0111-1/{099940C2-5347-404E-A327-AF135E8646BA}Img200.jpg
        • type: image/jpeg
    • cover150Wide:
        • href: https://img1.od-cdn.com/ImageType-150/0111-1/099/940/C2/{099940C2-5347-404E-A327-AF135E8646BA}Img150.jpg
        • type: image/jpeg
    • cover300Wide:
        • href: https://img1.od-cdn.com/ImageType-400/0111-1/099/940/C2/{099940C2-5347-404E-A327-AF135E8646BA}Img400.jpg
        • type: image/jpeg
isPublicPerformanceAllowed
False
formats
      • fileName: DebtorsPrisonThePoliticsofAusterityVe9780307959812
      • partCount: 0
      • fileSize: 2676145
      • identifiers:
            • type: ISBN
            • value: 9780307959812
            • type: PublisherCatalogNumber
            • value: 219148
      • rights:
            • type: Copying
            • value: 0
            • type: Printing
            • value: 0
            • type: Lending
            • value: 0
            • type: ReadAloud
            • value: 0
            • type: ExpirationRights
            • value: 0
      • name: Adobe EPUB eBook
      • id: ebook-epub-adobe
      • onSaleDate: 04/30/2013
      • samples:
            • source: From the book
            • formatType: ebook-overdrive
            • url: https://samples.overdrive.com/debtors-prison?.epub-sample.overdrive.com
      • fileName: DebtorsPrisonThePoliticsofAusterityVe9780307959812
      • partCount: 0
      • fileSize: 0
      • identifiers:
            • type: ASIN
            • value: B00A1O4L46
            • type: PublisherCatalogNumber
            • value: 219148
      • name: Kindle Book
      • id: ebook-kindle
      • onSaleDate: 04/30/2013
      • samples:
            • source: From the book
            • formatType: ebook-overdrive
            • url: https://samples.overdrive.com/debtors-prison?.epub-sample.overdrive.com
      • fileName: DebtorsPrisonThePoliticsofAusterityVe9780307959812
      • partCount: 0
      • fileSize: 0
      • identifiers:
            • type: PublisherCatalogNumber
            • value: 219148
            • type: ISBN
            • value: 9780307959812
      • name: OverDrive Read
      • id: ebook-overdrive
      • onSaleDate: 04/30/2013
      • samples:
            • source: From the book
            • formatType: ebook-overdrive
            • url: https://samples.overdrive.com/debtors-prison?.epub-sample.overdrive.com
languages
      • code: en
      • name: English
keywords
      • value: politics
      • value: business history
      • value: Marxism
      • value: growth
      • value: Business
      • value: investing
      • value: money
      • value: society
      • value: strategy
      • value: philosophy
      • value: Wall Street
      • value: Economy
      • value: capital
      • value: International Politics
      • value: financial
      • value: Geopolitics
      • value: economic history
      • value: Taxes
      • value: Capitalism
      • value: Economic Development
      • value: financial crisis
      • value: Globalization
      • value: Finance
      • value: biographies
      • value: History
      • value: government
      • value: inequality
      • value: political philosophy
      • value: public policy
      • value: Sociology
      • value: Economics
      • value: political science
      • value: Federal Reserve
      • value: world politics
      • value: business books
      • value: history books
      • value: political books
      • value: economics books
      • value: political science books
creators
      • role: Author
      • fileAs: Kuttner, Robert
      • bioText:

        Robert Kuttner is cofounder and coeditor of The American Prospect magazine, as well as a Distinguished Senior Fellow at Demos, a research and policy center. He is a visiting professor at Brandeis University's Heller School. He was a longtime columnist for BusinessWeek and continues to write columns in The Boston Globe, The New York Times Global Edition, and The Huffington Post. This is his tenth book.



      • name: Robert Kuttner
imprint
Vintage
subjects
      • value: Business
      • value: Politics
      • value: Nonfiction
publishDate
2013-04-30T00:00:00-04:00
publishDateText
04/30/2013
mediaType
eBook
shortDescription

A timely, broadly revisionist, essential book by one of our foremost economic observers takes down one of the most cherished tenets of contemporary financial thinking: that spending less, refusing to forgive debt, and shrinking government--"austerity"--is a solution to the current economic crisis.

Since the collapse of Lehman Brothers in September 2008, too much of our conversation about economic recovery has centered on the question of debt: whether we have too much of it, when to forgive it, and how to cut the deficit. Robert Kuttner makes the most powerful argument to date that these are the wrong questions and that austerity is the wrong solution. Blending economics with historical examples of effective debt relief and punitive debt enforcement, he makes clear that universal belt-tightening, as a prescription for recession, simply defies economic logic. Just as debtor's prisons once prevented individuals from working and thus being able to pay back their...

isOwnedByCollections
True
title
Debtors' Prison
fullDescription

One of our foremost economic thinkers challenges a cherished tenet of today's financial orthodoxy: that spending less, refusing to forgive debt, and shrinking government--"austerity"--is the solution to a persisting economic crisis like ours or Europe's, now in its fifth year.

Since the collapse of September 2008, the conversation about economic recovery has centered on the question of debt: whether we have too much of it, whose debt to forgive, and how to cut the deficit. These questions dominated the sound bites of the 2012 U.S. presidential election, the fiscal-cliff debates, and the perverse policies of the European Union.

Robert Kuttner makes the most powerful argument to date that these are the wrong questions and that austerity is the wrong answer. Blending economics with historical contrasts of effective debt relief and punitive debt enforcement, he makes clear that universal belt-tightening, as a prescription for recession, defies economic logic. And while the public debt gets most of the attention, it is private debts that crashed the economy and are sandbagging the recovery--mortgages, student loans, consumer borrowing to make up for lagging wages, speculative shortfalls incurred by banks. As Kuttner observes, corporations get to use bankruptcy to walk away from debts. Homeowners and small nations don't. Thus, we need more public borrowing and investment to revive a depressed economy, and more forgiveness and reform of the overhang of past debts.

In making his case, Kuttner uncovers the double standards in the politics of debt, from Robinson Crusoe author Daniel Defoe's campaign for debt forgiveness in the seventeenth century to the two world wars and Bretton Woods. Just as debtors' prisons once prevented individuals from surmounting their debts and resuming productive life, austerity measures shackle, rather than restore, economic growth--as the weight of past debt crushes the economy's future potential. Above all, Kuttner shows how austerity serves only the interest of creditors--the very bankers and financial elites whose actions precipitated the collapse. Lucid, authoritative, provocative--a book that will shape the economic conversation and the search for new solutions.



From the Hardcover edition.
sortTitle
Debtors Prison The Politics of Austerity Versus Possibility
crossRefId
1138991
subtitle
The Politics of Austerity Versus Possibility
popularity
21
publisher
Knopf Doubleday Publishing Group
links
    • self:
        • href: https://api.overdrive.com/v1/collections/L1BFAIAAA2J/products/099940c2-5347-404e-a327-af135e8646ba/metadata
        • type: application/vnd.overdrive.api+json
id
099940c2-5347-404e-a327-af135e8646ba
starRating
2.6