House of debt : how they (and you) caused the Great Recession, and how we can prevent it from happening again / with a new afterword Atif Mian and Amir Sufi.

Format:

Book

Author/Creator:

Mian, Atif, 1975- author.

Mian, Atif, author of introduction, etc.

Sufi, Amir, author of introduction, etc.

Language:

English

Subjects (All):

Financial crises--United States.

Financial crises.

Consumer credit--United States.

Consumer credit.

Debtor and creditor--United States.

Debtor and creditor.

Foreclosure--United States.

Foreclosure.

Physical Description:

1 online resource (238 p.)

Edition:

1st ed.

Place of Publication:

Chicago, Illinois ; London, England : The University of Chicago Press, 2015.

Language Note:

English

Summary:

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.

Contents:

""Contents""; ""1: A Scandal in Bohemia""; ""Part I: Busted""; ""2: Debt and Destruction""; ""3: Cutting Back""; ""4: Levered Losses: The Theory""; ""5: Explaining Unemployment""; ""Part II: Boil and Bubble""; ""6: The Credit Expansion""; ""7: Conduit to Disaster""; ""8: Debt and Bubbles""; ""Part III: Stopping the Cycle""; ""9: Save the Banks, Save the Economy?""; ""10: Forgiveness""; ""11: Monetary and Fiscal Policy""; ""12: Sharing""; ""Afterword""; ""Acknowledgments""; ""Notes""; ""Index""

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

0-226-27750-X

OCLC:

912320564