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House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again
Atif Mian
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Description for House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again
Paperback. Why do severe recessions happen? Could we have prevented the Great Recession and its consequences? And what actions are needed to prevent such crises going forward? This book offers convincing answers to some of the most important questions faced by the economy. Num Pages: 227 pages, 16 halftones. BIC Classification: 1KBB; 3JMC; KCX. Category: (G) General (US: Trade). Dimension: 228 x 155 x 21. Weight in Grams: 378.
The Great American Recession resulted in the loss of eight million jobs between 2007 and 2009. More than four million homes were lost to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the recession - that the total amount of debt for American households doubled between 2000 and 2007 to $14 trillion? Definitely not. Armed with clear and powerful evidence, 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 ... Read more
The Great American Recession resulted in the loss of eight million jobs between 2007 and 2009. More than four million homes were lost to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the recession - that the total amount of debt for American households doubled between 2000 and 2007 to $14 trillion? Definitely not. Armed with clear and powerful evidence, 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 ... Read more
Product Details
Publisher
University Of Chicago Press
Format
Paperback
Publication date
2015
Condition
New
Number of Pages
227
Place of Publication
, United States
ISBN
9780226271651
SKU
V9780226271651
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Atif Mian
Atif 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.
Reviews for House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again
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 ... Read more