The Politics of Consumer Debt

Louis Hyman

The ANNALS of the American Academy of Political and Social Science, 2012, vol. 644, issue 1, 40-49

Abstract: Facing a crisis of idle capital during the Great Depression, policy-makers developed new ways to promote private investment for public ends. Throughout the twentieth century, the use of state power to guide investment has been a powerful, and now largely ignored, tool of economic policy.

Keywords: credit; New Deal; securitization; investment (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:sae:anname:v:644:y:2012:i:1:p:40-49

DOI: 10.1177/0002716212452721

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