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Tag Archives: debt
The Burden of Nations: Debt and Compound Interest
The disappointing outcome of the G8 Okinawa summit regarding the initiative for debt relief for impoverished and indebted countries of the Global South, led President of Nigeria Olusegun Obasanjo to proclaim in August 2000: “All that we had borrowed up to 1985 or … Continue reading
The debt crisis and austerity in the Eurozone: social and political impacts
During the past six years, the countries of the European periphery – Portugal, Ireland, Italy, Greece and Spain – have been experiencing severe economic-financial crises. In the shadow of these drastic events, the EU institutions and the IMF initiated “bailout programs” for … Continue reading
Posted in Books
Tagged austerity, banking system, debt, European Union, Eurozone crisis, financial crisis, Greece, monetary policy, policy, Political economy, politics, Spain, welfare
4 Comments
Ethnographies of austerity
Austerity is not about numbers, economic data or amorphous macro-scale policies; Austerity is about people. Middle and working-class people, they are the ones who bear the brunt of oppressive neoliberalism and carry the depressing burdens of austerity in their everyday life: increasing unemployment, … Continue reading
Posted in Books
Tagged austerity, culture, class, debt, ethnography, globalization, neoliberalism, policy, state
2 Comments
Créditez-vous français? Credit as a relationship and a practice
I’m subscribed to “Gdr-economie-sociologie” – an academic mailing list of French and French-speaking economic sociologists and political economists. Receiving through this list announcements about new interesting and enlightening books and articles (in French), intellectually inviting conferences and seminars (conducted in French, … Continue reading
Posted in Papers
Tagged banking, banking system, credit, debt, Economic Sociology, France, household
2 Comments
Listen to the Athenian Solon: “Our virtue sticks with us and makes us strong, but money changes owners all day long”
Solon (c. 638 – c. 558 BC) was an Athenian statesman, lawmaker and poet, particularly known for ending exclusive aristocratic control of the government and his efforts to legislate against political, economic, and moral decline in archaic Athens, whose elite was obsessed with wealth, power, and prestige. His first … Continue reading
Posted in Oleg Komlik
Tagged credit, debt, Greece, oligarchy, slavery, state, wealth
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Get free from the dogmas of the apostles of austerity: Fifteen Fatal Fallacies of Financial Fundamentalism
Just three days before he passed away, a notable Columbia University professor of economics William Vickrey was awarded 1996 Nobel Prize in Economic Sciences for fundamental contribution to the economic theory of incentives under asymmetric information. Throughout his prolific career, Vickrey developed methods … Continue reading
Posted in Papers
Tagged austerity, market fundamentalism, debt, economics, fiscal sociology, inflation, neoliberalism, policy, unemployment
2 Comments
Debt is a Product of Power Relations
Debt is a product of power relations which inherently exhibits capturing and dominating mechanisms of subordination, appropriation and exploitation in various societal, political and economic fields. Debt is degrading institutional tool which not merely controls and masters labor in advance, it also self- and socially … Continue reading
Posted in Books
Tagged accounting, credit, debt, Economic Sociology, finance, gender, neoliberalism, valuation
2 Comments
Money is a mode of governance in a material world of capitalism
Money travels the modern world in disguise. It looks like a convention of human exchange – a commodity like gold or a medium like language. But its history reveals that money is a very different matter. It is an institution … Continue reading
Posted in Books
Tagged capitalism, credit, debt, economic history, monetary system, money, state, United Kingdom
1 Comment
Debt Matters: Inequality and Foregone Medical Care
“Of all the forms of inequality, injustice in health care is the most shocking and inhumane.”- Martin Luther King Jr. Scholars have long observed disparities in health, health behaviors and stress by socioeconomic position. But there is a limited understanding of … Continue reading
The “responsible”, the “irresponsible” and the Political Economy of the Sovereign Debt Crisis
There are “irresponsible” countries (Greece, Ireland, Italy, Portugal and Spain) which caused the current crisis; and there are “responsible” governments (Germany), which for some reason are asked to repay others’ debts and have the right to refuse to bail “irresponsibles” out and to insist the … Continue reading
Posted in Papers
Tagged austerity, debt, democracy, devaluation, European Union, Germany, Greece, policy, politics, state
2 Comments
