The Social Cost of Bad Debt

Abstract

The problem and the data, 477.—Organic vs. inorganic changes, 479.—Bankruptcy liabilities, 1900–21, 479.—Bankruptcy liabilities, 1922–29, 481.—The economic setting of the period, 482.—Comparison between debt and trends of other economic factors, 483.—Difficulties facing creditors, 483.—Conclusions, 485.