Bankruptcy : The Case for Relief in an Economy of Debt
Book Details
Format
Paperback / Softback
ISBN-10
1316617777
ISBN-13
9781316617779
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
May 19th, 2022
Print length
307 Pages
Weight
460 grams
Dimensions
15.20 x 22.70 x 2.20 cms
Ksh 4,850.00
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Spooner examines the increasing instability of using excessive household debt as a means of maintaining economic growth. He turns to bankruptcy law as a mechanism of social insurance against the risks of a debt-dependent economy. This will appeal to anyone interested in understanding the problem of consumer debt and how to address it.
A decade after the Global Financial Crisis and Great Recession, developed economies continue to struggle under excessive household debt. While exacerbating inequality and political unrest, this debt - when combined with wage stagnation and a shrinking welfare state - has played a key role in maintaining economic growth and allowing households faced with rising costs of living to make ends meet. In Bankruptcy: The Case for Relief in an Economy of Debt, Joseph Spooner examines this economic model and finds it increasingly unsustainable. In a call to action to reduce debt burden, he turns to bankruptcy law, which is uniquely situated as a mechanism of social insurance against the risks of a debt-dependent economy. This book should be read by anyone interested in understanding the problem of consumer debt and how best to address it.
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