Great Nations at Peril

  • Jürgen Backhaus

Part of the The European Heritage in Economics and the Social Sciences book series (EHES, volume 17)

Table of contents

About this book


This book was prompted by the current, lingering financial crisis, which has its basis in the disorderly financial practices of the United States. These practices have resulted in an accumulated debt which now requires the United States to run financial policies at artificially low interest rates. In principle, these low interest rates should flood the markets with ready money. Since the spread for banks is very thin, however, and they must carefully discriminate between available risks and finance only those propositions with no risk, credit is not abundantly available. With staggering foreign debt and a myriad of other perils looming, this great nation is at peril for sure. In the tradition of the Heilbronn Symposium, the authors look at historical cases as a means of understanding the current situation and informing possible solutions to a problem that continues to affect the global economy. The volume analyzes cases such as Prussia, Greece, Italy, Estonia, and the European Union. This book will be of interest to scholars and students of economic history as well as policy makers who may benefit from an historical understanding of the economic challenges their countries currently face.


Greece United States austerity bail out economic policy monetary policy

Editors and affiliations

  • Jürgen Backhaus
    • 1
  1. 1.University of ErfurtErfurtGermany

Bibliographic information

  • DOI
  • Copyright Information Springer International Publishing Switzerland 2015
  • Publisher Name Springer, Cham
  • eBook Packages Business and Economics
  • Print ISBN 978-3-319-10054-8
  • Online ISBN 978-3-319-10055-5
  • Series Print ISSN 1572-1744
  • Series Online ISSN 2197-5892
  • Buy this book on publisher's site