Louis Hyman

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Debtor Nation: The History of America in Red Ink

by Louis Hyman

Before the twentieth century, personal debt resided on the fringes of the American economy, the province of small-time criminals and struggling merchants. By the end of the century, however, the most profitable...


Borrow: The American Way of Debt

by Louis Hyman

In this lively history of consumer debt in America, economic historian Louis Hyman demonstrates that today’s problems are not as new as we think.

 

Borrow examines how the rise of consumer borrowing—virtually...