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This is an auction for THE NEW DEPRESSION by Richard Duncan.

Subtitled "The Breakdown of the Paper Money Economy".

"This book explains why the global recession is in danger of becoming another Great Depression. When the United States stopped backing dollars with gold in 1968, the nature of money changed. All previous constraints on money and credit creation were removed and economic growth ceased to be driven by capital accumulation and investment, as it had been since before the Industrial Revolution. Instead, credit creation and consumption began to drive the economic dynamic. Richard Duncan introduces an analytical framework, The Quantity Theory of Credit, that explains the calamity now unfolding: its causes, the rationale for policy responses to the crisis, what is likely to happen next, and how those developments will affect asset prices and investment portfolios. Should total credit begin to contract significantly, this New Depression will become a New Great Depression, with disastrous economic and geopolitical consequences. Alarming but essential reading, The New Depression explains why the global economy is teetering on the brink of falling into a deep and protracted depression, and how we can restore stability."

ABOUT THE AUTHOR: Richard Duncan has served as global head of investment strategy at ABN AMRO Asset Management in London, worked for the World Bank in Washington D.C., headed equity research departments in Bangkok and consulted for the IMF. He is now chief economist at Blackhorse Asset Management in Singapore.

Hardback 2012.

179 pages.

Very good condition.

The cost of shipping is $4.95, or $6.95 by tracked mail. If you are on rural delivery and want tracked mail, the shipping cost will be $9.95.

There is of course no charge for shipping if you collect this book from my shop in Palmerston North following the auction.

Payment within seven days, please.
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Shipping options

  • shipping via NZ Post$4.95
  • tracked mail$6.95
  • tracked mail for Rural Delivery (RD)$9.95
  • Seller allows pick-ups
  • Seller location: Palmerston North, Manawatu, NZ

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  • Cash