"I HAVE DWELT, IN THIS BOOK, UPON THE 'DARK' SIDE OF DEBT": TILDEN'S A WORLD IN DEBT, 1936

TILDEN, Freeman. A World in Debt. New York and London: Funk & Wagnalls, 1936. Octavo, original beige cloth, original dust jacket. $1600.

Early edition of Tilden's groundbreaking world explaining the dark relationship between credit and debt and relating debt to disastrous monetary policies.

In this world, Tilden stands virtually alone in the economic community of his time, pointing not just at debt, but at credit and the perils of not recognizing credit as conceptually identical to debt. Tilden argues that the doorway opened by credit let in the world-destroying debt that in turn led to the national ruin of the Great Depression. Those who wish to understand economic growth, monetary policies, and the politics that stem from both would be well-served to read Tilden's work as a means of better understanding credit and debt and the misconceptions that continue to lead their countries in the wrong directions. The first edition was published in 1935; this is an early edition without a "First published" statement on the copyright page.

Book fine, dust jacket with only light wear and soiling. A near-fine copy.