Cornell University

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Book Talk: Borrow: The American Way of Debt

Wednesday, April 11, 2012 at 4:30pm

Kheel Center, 227 Ives Hall Catherwood Library

Today’s economic problems are not as new as we think, and in the years before the Great Depression, increased access to money raised living standards but also introduced unforeseen risks.

Join Louis Hyman, economic historian and assistant professor at the School of Industrial and Labor Relations, for a book talk about his new publication “Borrow: The American Way of Debt” (Vintage Press, January 2012). A former Fulbright scholar and a consultant at McKinsey & Co., Hyman received his PhD in American history in 2007 from Harvard University. His book examines how the rise of consumer borrowing—virtually unknown before the twentieth century—has altered our culture and economy. As lending grew more profitable, it displaced funds available for business borrowing, setting our economy on an unsustainable course. “Borrow” charts the collision of commerce and culture in twentieth-century America.

A reception and book signing will follow. For more information, please call 255-3260, or visit www.ilr.cornell.edu/events/.

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Event Type

Author Appearance

Departments

Cornell University Library, ILR Library

Website

http://www.ilr.cornell.edu/events/

Cost

Free and open to all

Hashtag

#book_talk_borrow_the_american_way_of_debt

Contact E-Mail

dsl6@cornell.edu

Contact Name

Deb Lamb-Deans

Contact Phone

255-3260

Speaker

Louis Hyman

Speaker Affiliation

School of Industrial and Labor Relations

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