000			02628cam a2200397 a 4500
001			2012036230
003			DLC
005			20190729105146.0
008			120921s2013 nyu b 001 0 eng
010			_a 2012036230
020			_a9780307959805 _qhardback
040			_aDLC _beng _cDLC _dDLC _dMiTN
042			_apcc
049			_aEY8Z
050	0	0	_aHG3701 _b.K88 2013
082	0	0	_a339.5/2 _223
084			_aBUS004000 _aBUS023000 _aBUS035000 _2bisacsh
100	1		_aKuttner, Robert.
245	1	0	_aDebtors' prison : _bthe politics of austerity versus possibility / _cRobert Kuttner.
250			_a1st ed.
260			_aNew York : _bAlfred A. Knopf, _c2013.
300			_a331 p. ; _c25 cm.
520			_a"A timely, broadly revisionist, essential book by one of our foremost economic observers takes down one of the most cherished tenets of contemporary financial thinking: that spending less, refusing to forgive debt, and shrinking government--"austerity"--is a solution to the current economic crisis. Since the collapse of Lehman Brothers in September 2008, too much of our conversation about economic recovery has centered on the question of debt: whether we have too much of it, when to forgive it, and how to cut the deficit. Robert Kuttner makes the most powerful argument to date that these are the wrong questions and that austerity is the wrong solution. Blending economics with historical examples of effective debt relief and punitive debt enforcement, he makes clear that universal belt-tightening, as a prescription for recession, simply defies economic logic. Just as debtor's prisons once prevented individuals from working and thus being able to pay back their debts, austerity measures shackle, rather than restore, economic growth as the weight of past debt crushes the economy's future potential. Above all, Kuttner shows how austerity serves only the interest of creditors--the very bankers and financial elites whose actions precipitated the collapse. Lucid, authoritative, provocative--a book that is certain to be widely read and much debated"-- _cProvided by publisher.
504			_aIncludes bibliographical references and index.
650		0	_aDebt.
650		0	_aBudget deficits.
650		0	_aGovernment spending policy.
650		0	_aConsumption (Economics)
650		7	_aBUSINESS & ECONOMICS / Banks & Banking. _2bisacsh
650		7	_aBUSINESS & ECONOMICS / Economic History. _2bisacsh
650		7	_aBUSINESS & ECONOMICS / International / General. _2bisacsh
948			_au366757
949			_aHG3701 .K88 2013 _wLC _c1 _hEY8Z _i33039001302917
596			_a1
903			_a25391
999			_c25391 _d25391