Mountains of Debt
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Mountains of Debt : Crisis and Change in Renaissance Florence, Postwar Britain, and Postwar America

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Description

This book surveys the growth and decline of the Florentine economy, and that of Victorian Britain, and relates their experiences to the US in the era following the Second World War, a period notable for accumulating public debt. It also speculates on what options the US may have to avoid the fates of Florence and Victorian Britain in the future.show more

Product details

  • Hardback | 256 pages
  • 163.6 x 242.6 x 25.1mm | 617.08g
  • Oxford University Press Inc
  • New York, United States
  • English
  • tables
  • 0195064208
  • 9780195064209

Back cover copy

This provocative work presents a unique analysis of the current economic problems and policies of the United States based on a comparative historical approach. The study looks at what happens when flourishing economies begin to accumulate large public debts, falling from fiscal balance toward fiscal crisis, where the problem of managing the public debt overwhelms the traditional concerns of public policy.show more

Review quote

`...Veseth's hypothesis is interesting and important in the American context. ... Veseth establishes a persuasive case for the link between financial and real variables.' Barry Supple, The Economic History Review 'refreshing bookThe Economist, March 30 1991 'an interesting, well-written book' Peter Martin, Financial Timesshow more

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