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The Indebted Society : Anatomy of an Ongoing Disaster by James Medoff and Andrew Harless is a business book available to read on EtoBox.

What is The Indebted Society : Anatomy of an Ongoing Disaster about?

Over the past twenty years, the quality of life for American workers - blue-collar and white-collar, young and old, skilled and unskilled - has gone from reasonable comfort to near desperation. In this brilliantly original and compelling book, two distinguished economists show how this disastrous downward swing can be traced directly to the insidious disease of debt - not just government debt but personal and corporate debt as well. Corporate debt has engendered a downsizing movement that has drained the last vestiges of job security from the workplace. Personal debt has fueled an ongoing consumption binge and, along with government debt, has choked off investment and left America with inferior jobs, low productivity, and an ever-increasing dependence on foreign workers. Worst of all, the debt explosion has spawned a new and dangerous class, the lenders. Backed by a powerful group of apologists in academia, in government, and on Wall Street, the lenders only compound the problem of debt by pushing for higher interest rates and lower inflation, no matter what the cost. In the end, working people, the poor, and the American family pay the price. Authors Medoff and Harless go far beyo

Who reads The Indebted Society : Anatomy of an Ongoing Disaster?

Author

James Medoff and Andrew Harless

Publisher

Little, Brown and Co.

Published

1996

Language

EN

ISBN

9780316565868

Category

business

Subjects

Economics, Finance, Business

Rating

4.2 / 5 (4 ratings)

Updated

2026-03-14