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The Sociology of Debt

Mark Featherstone

Abstract

In recent years, and particularly since the global economic crash, the issue of debt has moved centre stage in social, political, and economic thought. Although processes of financialisation have meant that extreme indebtedness has been a latent global problem since the 1980s, it was only in the wake of the crash that debt became a manifest systemic issue. This was because it was no longer possible to endlessly defer repayment into the future on the basis of a fantasy of ceaseless growth because it suddenly became clear that the financial system was not good for the debts it had distributed ac ... More

Keywords: Debt, Finance, Inequality, Sustainability, Economy

Bibliographic Information

Print publication date: 2019 Print ISBN-13: 9781447339526
Published to Policy Press Scholarship Online: January 2020 DOI:10.1332/policypress/9781447339526.001.0001

Authors

Affiliations are at time of print publication.

Mark Featherstone, editor
Keele University