• J. Gunnar Trumbull


Consumer Lending in France and America: Credit and Welfare. J. Gunnar Trumbull, August 2014, Book. "Why did America embrace consumer credit over the course of the twentieth century, when most other countries did not? How did American policy makers by the late twentieth century come to believe that more credit would make even poor families better off? This book traces the historical emergence of modern consumer lending in America and France. If Americans were profligate in their borrowing, the French were correspondingly frugal..." May require purchase or user account. Link