The Age of Debt Bubbles:

This book illustrates how central bank policies such as zero percent interest rates have brought about a $300 trillion global debt bubble. The authors, both academics and policy-makers, offer first-hand insights into the economic and financial market mechanisms that have caused the debt bubbles of the past few decades, as well as the political economy that drives such policy-making.

In the past two decades economic bubbles inflated and architectural spending around the globe reached fever pitch. In both well-established centers of capital accumulation and far–flung locales, audacious building projects sprang up, while the skyscraper, heretofore more commonly associated with American capitalism, seemed as if it might pack up and relocate to Dubai and Shanghai. Of course, much has changed in the past couple of years. In formerly free-spending Dubai, the tallest building in the world is now is named after the president of Abu Dhabi after he stepped in with last–minute debt financing.

From the invention of coins by the ancient Lydians to the 21st-century eurozone, human history tells the story of ingenious financial systems and the never-ending quest for economic solutions. Today, our global economy is both fascinating and dizzyingly complex—challenging even experts to comprehend it fully. But one thing remains clear: Money and finance play a deeply fundamental role in your life.