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Informationen zum Autor Philip Coggan writes the Bartleby column for the Economist and is the former writer of the Buttonwood column. Previously, he worked for the Financial Times for twenty years. In 2009, he was voted Senior Financial Journalist of the Year in the Wincott awards and best communicator in the Business Journalist of the Year Awards. Among his books are The Money Machine, The Economist Guide to Hedge Funds , and Paper Promises ."Writing with a lucidity that enables him to convey deep insights without a trace of jargon&hellip. [Paper Promises is] the most illuminating account of the financial crisis to appear to date."- John Gray, New Statesman Zusammenfassung Winner of the Spear's Best Business Book Award Longlisted for the 2012 Financial Times and Goldman Sachs Business Book of the Year Award For the past forty years western economies have splurged on debt. Now, as the reality dawns that many debts cannot be repaid, we find ourselves again in crisis. But the oncoming defaults have a time-worn place in our economic history. As with the crises in the 1930s and 1970s, governments will fall, currencies will lose their value, and new systems will emerge. Just as Britain set the terms of the international system in the nineteenth century, and America in the twentieth century, a new system will be set by today's creditors in China and the Middle East. In the process, rich will be pitted against poor, young against old, public sector workers against taxpayers and one country against another. In Paper Promises , Economist columnist Philip Coggan helps us to understand the origins of this mess and how it will affect the new global economy by explaining how our attitudes towards debt have changed throughout history, and how they may be about to change again.
