In this book Ann Pettifor turns her attention away from the debt crisisaffecting developing countries and examines the issues of debt affecting thefirst world o... » 

In this book Ann Pettifor turns her attention away from the debt crisisaffecting developing countries and examines the issues of debt affecting thefirst world or OECD countries. She examines the history and roots of where thecurrent international debt crisis stems from economic liberalization andthe restructuring of the international financial architecture in the early1970s. The book goes on to explore the implications of high internationalindebtedness for governments corporations households and individuals. Animportant and unique contribution is Pettifors discussion of the justice andmorality of debt particularly for individuals. «