BORROW: The American Way of Debt
Friday, February 10, 2012, 6:30 - 8:30pm
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How Personal Credit Created the American Middle Class and Almost Bankrupted the Nation
Talk and Book Signing with Author Louis Hyman at The Cooper Union
Free and open to the public
In BORROW: The American Way of Debt—How Personal Credit Created the American Middle Class and Almost Bankrupted the Nation, economist Louis Hyman delivers an accessible and informed history on the rise of personal borrowing in the United States, demonstrating that today’s problems are not as new as we think. Hyman describes the evolution of personal loans, finding that our borrowing patterns are similar to our grandparents, but higher basic expenses, stagnating wages and increased economic competition from abroad have made it harder to repay our debts.
Louis Hyman attended Columbia University, where he received a BA in History and Mathematics. A former Fulbright scholar, he received his PhD in American history in 2007 from Harvard University. He is currently an assistant professor in Cornell University’s School of Industrial and Labor Relations, where he teaches history.
The Cooper Union – Rose Auditorium, 41 Cooper Square (entrance on 7th St at 3rd Ave), NYC, 10003
Subways: Astor Place (6), 8th Street (N, R)