Introduction

Ann Pettifor

A chapter in The Coming First World Debt Crisis, 2006, pp 1-25 from Palgrave Macmillan

Abstract: Abstract This book foresees a time, in the not too distant future, when the so-called First World will be mired in the levels of debt that have wreaked such havoc on the economies of so-called Third World economies since the 1980s. This debt crisis, I argue, will hurt millions of ordinary borrowers, and will inflict prolonged dislocation, and economic, social and personal pain on those largely ignorant of the causes of the crisis, and innocent of responsibility for it. This book has been written for those potential victims — ‘debtor-spenders’— in the hope of deepening understanding of the causes of the crisis — moral, political and economic — and of stimulating further debate and questioning.

Keywords: Gross Domestic Product; Central Banker; House Price; International Monetary Fund; Credit Card (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23675-2_1

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DOI: 10.1057/9780230236752_1

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