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Debtor Nation: Review
Kudeba, Nicolas
Kudeba, Nicolas
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"Written by historian and Harvard alumnus Louis Hyman, this 2011 book is actually a reworking of his award-winning Ph.D. dissertation Debtor Nation: How Consumer Credit Built Postwar America, and it shows; whether in tone, vocabulary or structure, Debtor Nation is, in every sense of the word, academic. Content-wise, Debtor Nation is one of the most informative, detailed, and timely accounts of American debt history to date. What is perhaps most interesting is how the author displays America’s changing attitudes towards debt and the stark impact of these attitudes on American society and its economy. Though Debtor Nation does not incorporate any prolonged personal narrative, it does, through numerous quotes and anecdotes, capture the sentiment of the everyman as it evolved over the years. The author’s main intent is to show how the development of American debt, from 1917 to today, has contributed to the current state of the global economy."
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Preprint
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2013-01-28
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With permission of the license/copyright holder