Debtors' prison : the politics of austerity versus possibility
(Book)

Book Cover
Average Rating
Published:
New York : Knopf, 2013.
Format:
Book
Edition:
1st ed.
Physical Desc:
331 pages ; 25 cm.
Status:
Bordeaux - Adult Non-Fiction
339.52 K975d
Green Hills - Adult Non-Fiction
339.52 K975d
Main Library - Adult Non-Fiction
339.52 K975d
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.  

Also in This Series
Copies
Location
Call Number
Status
Bordeaux - Adult Non-Fiction
339.52 K975d
On Shelf
Green Hills - Adult Non-Fiction
339.52 K975d
On Shelf
Main Library - Adult Non-Fiction
339.52 K975d
On Shelf
More Like This
Other Editions and Formats
More Details
Language:
English
ISBN:
9780307959805, 0307959805

Notes

Bibliography
Includes bibliographical references and index.
Description
"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"--,Provided by publisher.
Reviews from GoodReads
Loading GoodReads Reviews.
Citations
APA Citation (style guide)

Kuttner, R. (2013). Debtors' prison: the politics of austerity versus possibility. New York: Knopf.

Chicago / Turabian - Author Date Citation (style guide)

Kuttner, Robert. 2013. Debtors' Prison: The Politics of Austerity Versus Possibility. New York: Knopf.

Chicago / Turabian - Humanities Citation (style guide)

Kuttner, Robert, Debtors' Prison: The Politics of Austerity Versus Possibility. New York: Knopf, 2013.

MLA Citation (style guide)

Kuttner, Robert. Debtors' Prison: The Politics of Austerity Versus Possibility. New York: Knopf, 2013. Print.

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.
Staff View
Grouped Work ID:
b26cc6fe-cb1e-c055-db88-b8f9e48f3bfc
Go To Grouped Work View in Staff Client
Last File Modification Time Feb 15, 2018 11:24:45 PM
Last Grouped Work Modification Time Oct 16, 2018 11:26:17 PM

MARC Record

LEADER01798cam a2200385 a 4500
001ocn806016021
003OCoLC
00520130508113525.0
008120921s2013    nyu      b    001 0 eng  
010 |a 2012036230
020 |a 9780307959805
020 |a 0307959805
049 |a TNNA
092 |a 339.52 |b K975d
1001 |a Kuttner, Robert.
24510 |a Debtors' prison : |b the politics of austerity versus possibility / |c Robert Kuttner.
250 |a 1st ed.
260 |a New York : |b Knopf, |c 2013.
300 |a 331 p. ; |c 25 cm.
504 |a Includes bibliographical references and index.
520 |a "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"-- |c Provided by publisher.
650 0 |a Debt.
650 0 |a Budget deficits.
650 0 |a Government spending policy.
650 0 |a Consumption (Economics).
898 |a qBook
898 |a qEnglish
907 |a .b21837818 |b 08-10-16 |c 03-11-13
910 |a CARL0000410660
949 |b 35192044120941 |c 339.52 K975d |h BX |j BX |l ANF |m BK |s S |p 15.79 |w 6 |x 20130515 |t 20170702 |q CNV |r CNV |v 0 |y 20170630 |z 0
949 |b 35192044120958 |c 339.52 K975d |h GH |j GH |l ANF |m BK |s S |p 15.79 |w 13 |x 20130515 |t 20180215 |q CNV |r CNV |v 2 |y 20170630 |z 1
949 |b 35192044120974 |c 339.52 K975d |h MN |j MN |l ANF |m BK |s S |p 15.79 |w 15 |x 20130515 |t 20170702 |q CNV |r CNV |v 0 |y 20170630 |z 0
991 |a bx |a (2)gh |a mn |b 05-08-13 |c m |d a |e 8 |f eng |g nyu |h 0 |i 6
988 |a .o8591660 |c 6 |l multi |f b |s a |x 03-12-13 |y 04-26-13 |z 05-08-13 |3 s |k bl |k bx |k gh |k hm |k mn |k rp
998 4 |a LDR0905 20170611035551 NPUB |b LDR0905 20170611035551 NPUB