{"product_id":"the-next-economic-disaster-9780812247046","title":"The Next Economic Disaster","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eIn this illuminating and provocative work, Richard Vague argues that the rapid expansion of private debt-rather than public spending-is what constrains economic growth and triggers economic calamities like the financial crisis of 2008.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\"Economists failed to predict the 2007 meltdown and they're on course to miss the next one too. As a consumer lending practitioner who saw it coming, Richard Vague's voice should not be ignored. His emphasis on the dangers of rising private household debt is a key both to the last crisis and the next.\" * Ed Luce, \u003ci\u003eFinancial Times\u003c\/i\u003e Chief U.S. Commentator and Columnist *\u003cbr\u003e\"If you want to understand why financial crises occur, read \u003ci\u003eThe Next Economic Disaster\u003c\/i\u003e. In this penetrating new book, serial entrepreneur Richard Vague succinctly documents how all financial collapses originate with too much private borrowing. In plain English, he outlines some of the steps we need to take to avoid the next cataclysm.\" * Liaquat Ahamed, author of \u003ci\u003eLords of Finance: The Bankers Who Broke the World\u003c\/i\u003e *\u003cbr\u003e\"We all know that too much debt is bad. But if you want to know how bad, you need to read this book. Packed with insightful analysis, it is a must-read for anyone who wants to understand how we got onto the road to financial ruin-and how to avoid the next disaster.\" * Megan McArdle, \u003ci\u003eBloomberg View\u003c\/i\u003e *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface\u003cbr\u003e Chapter One. Boom and Crisis\u003cbr\u003e Chapter Two. The Deleveraging Challenge\u003cbr\u003e Chapter Three. The Paradox of Debt and the Long-term View\u003cbr\u003e Conclusion\u003cbr\u003e Acknowledgments\u003cbr\u003e Appendices can be found online at www.debt-economics.org\/appendix\/\u003c\/p\u003e","brand":"University of Pennsylvania Press","offers":[{"title":"Default Title","offer_id":49405725376855,"sku":"9780812247046","price":15.19,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780812247046.jpg?v=1730493402","url":"https:\/\/bookcurl.com\/products\/the-next-economic-disaster-9780812247046","provider":"Book Curl","version":"1.0","type":"link"}