{"product_id":"engine-of-enterprise-rowena-olegario-9780674051140","title":"The Engine of Enterprise: Credit in America","description":"\u003cp\u003eAmerican households, businesses, and governments have always used intensive amounts of credit. \u003ci\u003eThe Engine of Enterprise\u003c\/i\u003e traces the story of credit from colonial times to the present, highlighting its productive role in building national prosperity. Rowena Olegario probes enduring questions that have divided Americans: Who should have access to credit? How should creditors assess borrowers' creditworthiness? How can people accommodate to, rather than just eliminate, the risks of a credit-dependent economy? \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eIn the 1790s Alexander Hamilton saw credit as \"the invigorating principle\" that would spur the growth of America's young economy. His great rival, Thomas Jefferson, deemed it a grave risk, inviting burdens of debt that would amount to national self-enslavement. Even today, credit lies at the heart of longstanding debates about opportunity, democracy, individual responsibility, and government's reach. \u003cp\u003e\u003c\/p\u003eOlegario goes beyond these timeless debates to explain how the institutions and legal frameworks of borrowing and lending evolved and how attitudes about credit both reflected and drove those changes. Properly managed, credit promised to be a powerful tool. Mismanaged, it augured disaster. \u003ci\u003eThe Engine of Enterprise\u003c\/i\u003e demonstrates how this tension led to the creation of bankruptcy laws, credit-reporting agencies, and insurance regimes to harness the power of credit while minimizing its destabilizing effects.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Rowena Olegario\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0674051149\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780674051140\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Harvard University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 02\/15\/2016\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 312\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.40lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.30h x 6.20w x 1.10d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eChoice\u003c\/i\u003e 06\/01\/2016","brand":"Rowena Olegario","offers":[{"title":"Hardcover","offer_id":43925549711615,"sku":"9780674051140","price":49.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/products\/img_2110feb4-9f58-4292-8778-a0b9fe0e8201.jpg?v=1681077933","url":"https:\/\/www.whiterainbookhouse.com\/products\/engine-of-enterprise-rowena-olegario-9780674051140","provider":"WR Book House","version":"1.0","type":"link"}