Bankruptcy: The Case for Relief in an Economy of Debt

Excessive household debt in developed economies has contributed to inequality, political unrest, and economic growth. Joseph Spooner's book "Bankruptcy: The Case for Relief in an Economy of Debt" examines the unsustainable nature of this economic model and calls for reducing debt burden through bankruptcy law as a mechanism of social insurance.

Format: Paperback / softback
Length: 307 pages
Publication date: 19 May 2022
Publisher: Cambridge University Press

After the Global Financial Crisis and Great Recession, developed economies are still grappling with the burden of excessive household debt. This debt, when combined with wage stagnation and a shrinking welfare state, has contributed to inequality and political unrest. However, it has also played a significant role in sustaining economic growth by allowing households to cope with rising living costs. In his book, Bankruptcy: The Case for Relief in an Economy of Debt, Joseph Spooner critically examines this economic model and argues that it is becoming increasingly unsustainable. He calls for action to reduce the debt burden and proposes bankruptcy law as a mechanism of social insurance against the risks of a debt-dependent economy. This book is a must-read for anyone interested in understanding the problem of consumer debt and exploring effective solutions to address it.

After the Global Financial Crisis and Great Recession, developed economies are still grappling with the burden of excessive household debt. This debt, when combined with wage stagnation and a shrinking welfare state, has contributed to inequality and political unrest. However, it has also played a significant role in sustaining economic growth by allowing households to cope with rising living costs. In his book, Bankruptcy: The Case for Relief in an Economy of Debt, Joseph Spooner critically examines this economic model and argues that it is becoming increasingly unsustainable. He calls for action to reduce the debt burden and proposes bankruptcy law as a mechanism of social insurance against the risks of a debt-dependent economy. This book is a must-read for anyone interested in understanding the problem of consumer debt and exploring effective solutions to address it.

Weight: 460g
Dimension: 152 x 227 x 22 (mm)
ISBN-13: 9781316617779