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作者 Trumbull, Gunnar, author
書名 Consumer lending in France and America : credit and welfare / Gunnar Trumbull, Harvard Business School
出版項 New York, NY : Cambridge University Press, 2014
國際標準書號 9781107015654 (hardback)
9781107693906 (paperback)
book jacket
館藏地 索書號 處理狀態 OPAC 訊息 條碼
 人文社會聯圖  HG3756.U54 T78 2014    在架上    30650020063430
說明 xi, 228 pages : illustrations ; 23 cm
text rdacontent
unmediated rdamedia
volume rdacarrier
附註 "Why did America embrace consumer credit over the course of the twentieth century, when most other countries did not? How did American policy makers by the late twentieth century come to believe that more credit would make even poor families better off? This book traces the historical emergence of modern consumer lending in America and France. If Americans were profligate in their borrowing, the French were correspondingly frugal. Comparison of the two countries reveals that America's love affair with credit was not primarily the consequence of its culture of consumption, as many writers have observed, nor directly a consequences of its less generous welfare state. It emerged instead from evolving coalitions between fledgling consumer lenders seeking to make their business socially acceptable and a range of non-governmental groups working to promote public welfare, labor, and minority rights. In France, where a similar coalition did not emerge, consumer credit continued to be perceived as economically regressive and socially risky"-- Provided by publisher
"At the beginning of the 20th century, consumer credit in the United States was perceived as unfair and exploitative. Social reformers fought to limit the economic and social impact of small lenders they decried as loan sharks. Reputable businesses steered clear of sales credit because of the questionable consumers that it would attract. By the 1970s, however, credit in America had been reimagined as a legitimate tool of household finance that was understood to have broad social and economic benefits. This transformation in the moral economy of credit accompanied a revolution in lending technologies and the regulatory treatment of consumer credit. Ultimately, these changes allowed American households to amass unprecedented debt -- debt that eventually precipitated the worst financial crisis of postwar America. To understand the origins of that crisis, we need to understand not just the shifting habits of consumers, but also what happened to lenders as the public moved from opposing credit to embracing it. This book traces how that transformation occurred. Nearly all accounts of the origins of American consumer credit have focused exclusively on the U.S. experience. Single-country case studies have their virtues. But they do not allow the observer easily to differentiate what is unusual about the U.S. case from what is common even to countries with very different credit practices"-- Provided by publisher
Includes bibliographical references and index
1. Introduction -- 2. Commercial banks and consumer credit in the United States -- 3. Banks against credit: consumer finance in France -- 4. American retailers and credit innovation -- 5. Selling France on credit -- 6. Credit and reconstruction -- 7. The politics of usury -- 8. Credit for being American -- 9. Deregulation and the politics of overindebtedness -- 10. Credit and welfare
主題 Consumer credit -- United States
Consumer credit -- France
Bank loans -- United States
Bank loans -- France
Public welfare -- France
Public welfare -- United States
POLITICAL SCIENCE / Economic Conditions. bisacsh
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