Debt in service of the state -- States and the limits of borrowing -- Democratization and globalization -- Caveat emptor -- Managing problem debts -- Successful consolidation -- Warfare to welfare -- Cycles of debt -- Oil and water -- Missed opportunities -- Debt to the rescue -- COVID-19.

A privilege of the power elite -- The democratization of investment -- Retirement and its funding -- New clients and new investments -- Fraud, market manipulation and insider trading -- Progress in managing cyclical crises -- The emergence of investment theory -- More new investment forms --...