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Personal and National Debts

The Vanishing Middle Class, 2017, p.137

2017 Massachusetts Institute of Technology ;ISBN: 9780262036160 ;ISBN: 0262036169 ;EISBN: 9780262339988 ;EISBN: 0262339986 ;DOI: 10.7551/mitpress/9780262036160.003.0012

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Title:
Personal and National Debts
Author: Temin, Peter
Subjects: 2008 financial crisis ; Accountancy ; Banking ; Banks ; Behavioral economics ; Behavioral sciences ; Business ; Civil law ; Civil rights ; Consumer behavior ; Consumer sovereignty ; Consumer spending ; Contract law ; Contracts ; Debt ; Debt contracts ; Debt management ; Debt reduction ; Dual economies ; Economic disciplines ; Economic principles ; Economic systems ; Economics ; education debts ; Finance ; Financial accounting ; Financial contracts ; Financial economics ; Financial liabilities ; Financial management ; Financial system ; for-profit universities ; Governance ; Government ; Government budgets ; Law ; Legal rights ; Mixed economies ; Mortgage loans ; mortgage relief ; Personal debt ; Political Economy ; Political science ; Public debt ; public universities ; Voting rights
Is Part Of: The Vanishing Middle Class, 2017, p.137
Description: The discussion in part III has concentrated on tangible assets used by the low-wage sector, willingly or unwillingly: prisons, schools, bridges, and public transportation. It is now time to add some intangible assets and liabilities that affect the low-wage sector. This chapter interprets the treatment of debts in a dual economy. Individual debts are concentrated in bad mortgages and education loans. Societal debts come from the efforts of a democratic government to reduce risks for its members. Individual debts are contracted between borrowers and lenders. Borrowers are largely individuals, and lenders in our advanced economy are largely financial institutions. Often,
Publisher: The MIT Press
Language: English
Identifier: ISBN: 9780262036160
ISBN: 0262036169
EISBN: 9780262339988
EISBN: 0262339986
DOI: 10.7551/mitpress/9780262036160.003.0012
Source: Ebook Central Academic Complete

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Personal and National Debts

2017 Massachusetts Institute of Technology ;ISBN: 9780262036160 ;ISBN: 0262036169 ;EISBN: 9780262339988 ;EISBN: 0262339986 ;DOI: 10.7551/mitpress/9780262036160.003.0012

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