Just how worried should you be about your student loan? Debt in the modern world has got Economists thinking – not just about the upcoming generation for whom buying a house is becoming a distant fantasy – but also about the effect of debt on democracy. Stagnant wages in America and UK “squeezed middle” have hit headlines, but scholars are asking what effect the subsequent borrowing, at both a personal and national level, is having on democracy as a political system. Some suggest democratic legitimacy itself is at stake, especially in Europe. So is the way forward to look to the Nordic macroeconomic framework, or is that system limited to the unique geography of Scandinavia? Big questions for those hoping to study Economics, E&M, HSPS, PPE, Geography and Politics.
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