The Global Debt Bomb

The Global Debt Bomb

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Within a historical perspective, Clayton clearly explains the "culture of debt" - its definition, how it got to be such a major burden, why we can't live without it, and ways to manage it more efficiently. He addresses the development of debt over the course of the 20th century in both the US and world economies. This comprehensive multidisciplinary analysis covers all aspects of debt - benefits and necessity; the impact (both good and bad) on individuals, corporations and governments; and lessons to be learned from the past. Clayton, drawing on current research and extensive primary data in economics, political science, and history, concludes that with our rapacious accumulation of debt and common-place use of "debt-finance", our society has set itself up for a significant financial decline.
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Product details

  • Paperback | 208 pages
  • 153.2 x 229.4 x 14mm | 298.59g
  • Taylor & Francis Inc
  • M.E. Sharpe
  • Armonk, United States
  • English
  • New.
  • tables, figures, bibliography, index
  • 0765604760
  • 9780765604767

Back cover copy

The Global Debt Bomb describes the rapid increase in public and private debt in the G7 nations since the 1960s, why this debt has grown so quickly, and what the economic, political, and social consequences of this rise in debt have been. International in focus, this book broadens the debate on public debt to include household and corporate debt, avoids alarmist rhetoric, and puts our current problems in historical perspective.

The central message of The Global Debt Bomb is that the debt-induced financial crisis that affected the Pacific Rim and much of the developing world in 1998 will likely spread to the industrialized countries in Europe and North America when current market and asset "bubbles" burst. How to prevent or mitigate another possible crisis is the primary contribution of this book.
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Table of contents

This text addresses whether and how religion and religious institutions affect American politics. For some time, analysts have argued that the conflicts of the New Deal era rendered cultural differences trivial and placed economic interests at the top of the political agenda. The authors and their collaborators - John C. Green, James L. Guth, Ted G. Jelen, Corwin E. Smidt, Kenneth D. Wald, Michael R. Welch, and Clyde Wilcox - disagree. They find that religious worldviews are still insinuated in American political institutions, and religious institutions still are points of reference. The book profits from the new religiosity measures employed in the 1990 National Election Studies. Part 1 discusses the study of religion in the context of politics. Part II examines religion as a source of group orientation. Part III takes up religious practices and their political ramifications. Part IV does the same for doctrinal and worldview considerations. Part V explores the sources of religious socialisation. In conclusion, Part VI reviews the research on religion and political behaviour and looks ahead to where work should proceed.
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