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9781107693906

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'Trumbull pursues the problem of American indebtedness in ways unlike other books published on the subject, and his style is clear and reader-friendly. The central claim that emerges is counterintuitive, yet will make scholars working to understand modern credit markets wonder, like me, that no one had seen this before. Trumbull's argument is tremendously illuminating and largely persuasive. He has made a significant contribution to what we know about the history of consumer credit and its continuing social significance.' Lendol Calder, Augustana College 'This will be an important book, and it is an empirical gem on the development of consumer credit and the policies that regulate it in France and the United States. It suggests far-reaching implications for how ideas are born of material economic interests and then come to outlive the interest coalitions that gave rise to them. This book will help American readers understand the systemic dimensions of the credit predicament in which they find themselves.' Pepper D. Culpepper, European University Institute

Author Information

Gunnar Trumbull is the Philip Caldwell Professor of Business Administration at Harvard Business School. He received his AB from Harvard College in 1991 and his PhD in Political Science from the Massachusetts Institute of Technology in 2000. He has served as a Jean Monnet Fellow at the European University Institute in Florence, Italy and a Research Fellow at the Brookings Institution in Washington, DC. His research focuses on consumer politics in Europe and America. His previous books include Consumer Capitalism: Politics, Product Markets and Firm Strategy in France and Germany (2006) and Strength in Numbers: The Political Power of Weak Interests (2012).

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