House of debt: how they (and you) caused the great recession, and how we can prevent it from happening again ; with a new afterword.

By:

Mian, Atif

Contributor(s):

Sufi, Amir [Author]

Material type: Text

TextPublication details: Chicago: University of Chicago Press; c2015.Description: 229pISBN:

9780226271651

Subject(s):

DDC classification:

330.9730931

Summary: Atif Mian and Amir Sufi in House of Debt reveal how the Great Recession and Great Depression, as well as the recent economic malaise in Europe, were caused by a large run up in household debt followed by a significantly large drop in household spending. Mian and Sufi argue strongly with real data that current policy that is too heavily biased toward protecting banks and creditors, with the goal of increasing the flow of credit, a response that is disastrously counter productive when the fundamental problem is actually too much debt.

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Holdings
Item type	Current library	Call number	Status	Barcode
Book	IMI Delhi	330.9730931 MIA (Browse shelf(Opens below))	Available	G7704

Budhiraja Collection

Atif Mian and Amir Sufi in House of Debt reveal how the Great Recession and Great Depression, as well as the recent economic malaise in Europe, were caused by a large run up in household debt followed by a significantly large drop in household spending. Mian and Sufi argue strongly with real data that current policy that is too heavily biased toward protecting banks and creditors, with the goal of increasing the flow of credit, a response that is disastrously counter productive when the fundamental problem is actually too much debt.

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