The Economy of Promises: Trust, Power, and Credit in America Carruthers Bruce G.
The Economy of Promises: Trust, Power, and Credit in America Carruthers Bruce G. A comprehensive and illuminating account of the history of credit in America--and how it continues to divide the haves…
Specifikacia The Economy of Promises: Trust, Power, and Credit in America Carruthers Bruce G.
The Economy of Promises: Trust, Power, and Credit in America Carruthers Bruce G.
A comprehensive and illuminating account of the history of credit in America--and how it continues to divide the haves from the have-notsThe Economy of Promises is a far-reaching study of credit in nineteenth- and twentieth-century America. In the case of credit, that trust involves a commitment by debtors to repay money they have borrowed from lenders. Synthesizing and surveying economic and social history, Bruce Carruthers examines how issues of trust stitch together the modern U.S. economy.
It discusses how lending is shaped by the shadow of failure, and the possibility that Each promise poses a fundamental question: why does the lender trust the borrower?The book tracks the dramatic shift from personal qualitative judgments to the impersonal quantitative measurements of credit scores and ratings, which make lending on a much greater scale possible.
The Power of Trust