Buy House of Debt!

The book is officially available for purchase.

9780226081946

Here are some places to buy it online:

Amazon

University of Chicago Press

Here are some very early reviews of both the book and the blog (more are coming):

Christina D. Romer, former chair of the Council of Economic Advisers

“Mian and Sufi have produced some of the most important and compelling research on the impact of debt on consumer behavior during the recent housing bubble and bust.  This excellent new book presents and expands this research in a rigorous, yet engaging and accessible way.”

Paul Krugman

“Atif Mian and Amir Sufi, our leading experts on the macroeconomic effects of private debt, have a new blog [www.houseofdebt.org]— and it has instantly become must reading.”

Kenneth Rogoff, Harvard University

“This is a profoundly important book that makes a huge range of serious empirical evidence on the financial crisis accessible to a broad readership.  A compendium of Mian and Sufi’s own celebrated work would already be a spectacular contribution, but this book is so much more.  Although the authors present all views in a balanced, scholarly way, their quiet insistence that we should have moved faster to write down household mortgages is well-reasoned and compelling.”

 

Carmen Reinhart, Harvard University

“Much has been written about the boom and subsequent bust that rocked the US economy during 2007–2009, but insightful and informed analysis is much rarer. This book is one of those rare gems. It offers an in-depth look at the state of housing, consumer credit, household incomes, and debt around the crisis and presents an informed discussion about its causes and consequences. The analysis of crisis resolution has resonance, not only for the United States, but for the many countries that are still entangled in severe financial difficulties.”

Lord Adair Turner, former chair, Financial Services Authority

House of Debt is a very important book, reaching beyond surface explanations of the Great Recession to identify the fundamental cause—excessive private debt built up in the pre-crisis boom years. It combines meticulous empirical research with an ability to see the big picture. Its message needs to be heeded and its proposals for reform seriously considered if we are to avoid repeating in future the mistakes of the past.”

 

And what else can we say to convince you to buy it? Well, it’s an easier read than Piketty’s book!

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