Lived Economies of Default

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Author :
Publisher : Routledge
ISBN 13 : 1134087713
Total Pages : 212 pages
Book Rating : 4.1/5 (34 download)

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Book Synopsis Lived Economies of Default by : Joe Deville

Download or read book Lived Economies of Default written by Joe Deville and published by Routledge. This book was released on 2015-02-11 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumer credit borrowing – using credit cards, store cards and personal loans – is an important and routine part of many of our lives. But what happens when these everyday forms of borrowing go ‘bad’, when people start to default on their loans and when they cannot, or will not, repay? It is this poorly understood, controversial, but central part of both the consumer credit industry and the lived experiences of an increasing number of people that this book explores. Drawing on research from the interior of the debt collections industry, as well as debtors' own accounts and historical research into technologies of lending and collection, it examines precisely how this ever more sophisticated, globally connected market functions. It focuses on the highly intimate techniques used to try and recoup defaulting debts from borrowers, as well as on the collection industry’s relationship with lenders. Joe Deville follows a journey of default, from debtors’ borrowing practices, to the intrusion of collections technologies into their homes and everyday lives, to the collections organisation, to attempts by debtors to seek outside help. In the process he shows how to understand this particular market, we need to understand the central role played within it by emotion and affect. By opening up for scrutiny an area of the economy which is often hidden from view, this book makes a major contribution both to understanding the relationship between emotion and calculation in markets and the role of consumer credit in our societies and economies. This book will be of interest to students, teachers and researchers in a range of fields, including sociology, anthropology, cultural studies, economics and social psychology.

Why Not Default?

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Publisher : Princeton University Press
ISBN 13 : 0691184933
Total Pages : 398 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Why Not Default? by : Jerome E. Roos

Download or read book Why Not Default? written by Jerome E. Roos and published by Princeton University Press. This book was released on 2019-02-12 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: How creditors came to wield unprecedented power over heavily indebted countries—and the dangers this poses to democracy The European debt crisis has rekindled long-standing debates about the power of finance and the fraught relationship between capitalism and democracy in a globalized world. Why Not Default? unravels a striking puzzle at the heart of these debates—why, despite frequent crises and the immense costs of repayment, do so many heavily indebted countries continue to service their international debts? In this compelling and incisive book, Jerome Roos provides a sweeping investigation of the political economy of sovereign debt and international crisis management. He takes readers from the rise of public borrowing in the Italian city-states to the gunboat diplomacy of the imperialist era and the wave of sovereign defaults during the Great Depression. He vividly describes the debt crises of developing countries in the 1980s and 1990s and sheds new light on the recent turmoil inside the Eurozone—including the dramatic capitulation of Greece’s short-lived anti-austerity government to its European creditors in 2015. Drawing on in-depth case studies of contemporary debt crises in Mexico, Argentina, and Greece, Why Not Default? paints a disconcerting picture of the ascendancy of global finance. This important book shows how the profound transformation of the capitalist world economy over the past four decades has endowed private and official creditors with unprecedented structural power over heavily indebted borrowers, enabling them to impose painful austerity measures and enforce uninterrupted debt service during times of crisis—with devastating social consequences and far-reaching implications for democracy.

Why Not Default?

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Author :
Publisher : Princeton University Press
ISBN 13 : 0691217432
Total Pages : 412 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Why Not Default? by : Jerome E. Roos

Download or read book Why Not Default? written by Jerome E. Roos and published by Princeton University Press. This book was released on 2021-03-02 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: How creditors came to wield unprecedented power over heavily indebted countries—and the dangers this poses to democracy The European debt crisis has rekindled long-standing debates about the power of finance and the fraught relationship between capitalism and democracy in a globalized world. Why Not Default? unravels a striking puzzle at the heart of these debates—why, despite frequent crises and the immense costs of repayment, do so many heavily indebted countries continue to service their international debts? In this compelling and incisive book, Jerome Roos provides a sweeping investigation of the political economy of sovereign debt and international crisis management. He takes readers from the rise of public borrowing in the Italian city-states to the gunboat diplomacy of the imperialist era and the wave of sovereign defaults during the Great Depression. He vividly describes the debt crises of developing countries in the 1980s and 1990s and sheds new light on the recent turmoil inside the Eurozone—including the dramatic capitulation of Greece’s short-lived anti-austerity government to its European creditors in 2015. Drawing on in-depth case studies of contemporary debt crises in Mexico, Argentina, and Greece, Why Not Default? paints a disconcerting picture of the ascendancy of global finance. This important book shows how the profound transformation of the capitalist world economy over the past four decades has endowed private and official creditors with unprecedented structural power over heavily indebted borrowers, enabling them to impose painful austerity measures and enforce uninterrupted debt service during times of crisis—with devastating social consequences and far-reaching implications for democracy.

Debt Default and Democracy

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 178811793X
Total Pages : 224 pages
Book Rating : 4.7/5 (881 download)

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Book Synopsis Debt Default and Democracy by : Giuseppe Eusepi

Download or read book Debt Default and Democracy written by Giuseppe Eusepi and published by Edward Elgar Publishing. This book was released on 2018 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: The original chapters in this book connect the microeconomic and macroeconomic approaches to public debt. Through their thought-provoking views, leading scholars offer insights into the incentives that individuals and governments may have in resorting to public debt, thereby promoting a clearer understanding of its economic consequences.

American Default

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Publisher : Princeton University Press
ISBN 13 : 0691196044
Total Pages : 288 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis American Default by : Sebastian Edwards

Download or read book American Default written by Sebastian Edwards and published by Princeton University Press. This book was released on 2019-09-10 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The untold story of how FDR did the unthinkable to save the American economy.

Discrimination, Vulnerable Consumers and Financial Inclusion

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Publisher : Routledge
ISBN 13 : 1000295192
Total Pages : 291 pages
Book Rating : 4.0/5 (2 download)

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Book Synopsis Discrimination, Vulnerable Consumers and Financial Inclusion by : Cătălin-Gabriel Stănescu

Download or read book Discrimination, Vulnerable Consumers and Financial Inclusion written by Cătălin-Gabriel Stănescu and published by Routledge. This book was released on 2020-12-28 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the questions of discrimination, vulnerable consumers, and financial inclusion in the light of the emerging legal, socioeconomic, and technological challenges. New technologies – such as artificial intelligence-driven consumer credit risk assessment and Fintech platforms, the changing nature of vulnerability due to the ongoing COVID-19 pandemic, as well as the sophistication of digital technologies, which help circumvent legal barriers and protections – necessitate the continuous study of the existing legal frameworks and measures that are capable of tackling these challenges. Organized in two major parts, the first addresses, from multiple national angles, the idea of a human rights approach to consumer law, in order to replace the mantra of economic efficiency that characterizes financial services with those of human dignity and freedom from discrimination and from debt-induced servitude. The second tackles the challenges posed by increased usage of technology in connection with financial services, which tends to solve, but also creates, additional issues for consumers in general, and for vulnerable groups in particular.

Financialization

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Publisher : Berghahn Books
ISBN 13 : 1789207525
Total Pages : 358 pages
Book Rating : 4.7/5 (892 download)

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Book Synopsis Financialization by : Chris Hann

Download or read book Financialization written by Chris Hann and published by Berghahn Books. This book was released on 2020-08-01 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beginning with an original historical vision of financialization in human history, this volume then continues with a rich set of contemporary ethnographic case studies from Europe, Asia and Africa. Authors explore the ways in which finance inserts itself into relationships of class and kinship, how it adapts to non-Western religious traditions, and how it reconfigures legal and ecological dimensions of social organization, and urban social relations in general. Central themes include the indebtedness of individuals and households, the impact of digital technologies, the struggle for housing, financial education, and political contestation.

Studio Studies

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Publisher : Routledge
ISBN 13 : 1317630424
Total Pages : 273 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis Studio Studies by : Ignacio Farías

Download or read book Studio Studies written by Ignacio Farías and published by Routledge. This book was released on 2015-10-14 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consider the vast array of things around you, from the building you are in, the lights illuminating the interior, the computational devices mediating your life, the music in the background, even the crockery, furniture and glassware you are in the presence of. Common to all these objects is that their concrete, visual and technological forms were invariably conceived, modelled, finished and tested in sites characterised as studios. Remarkably, the studio remains a peculiar lacuna in our understanding of how cultural artefacts are brought into being and how ‘creativity’ operates as a located practice. Studio Studies is an agenda setting volume that presents a set of empirical case studies that explore and examine the studio as a key setting for aesthetic and material production. As such, Studio Studies responds to three contemporary concerns in social and cultural thought: first, how to account for the situated nature of creative and cultural production; second, the challenge of reimagining creativity as a socio-materially distributed practice rather than the cognitive privilege of the individual; and finally, to unravel the parallels, contrasts and interconnections between studios and other sites of cultural-aesthetic and technoscientific production, notably laboratories. By enquiring into the operations, topologies and displacements that shape and format studios, this volume aims to demarcate a novel and important object of analysis for empirical social and cultural research as well to develop new conceptual repertoires to unpack the multiple ways studio processes shape our everyday lives.

The Routledge Companion to Actor-Network Theory

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Author :
Publisher : Routledge
ISBN 13 : 1351619721
Total Pages : 680 pages
Book Rating : 4.3/5 (516 download)

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Book Synopsis The Routledge Companion to Actor-Network Theory by : Anders Blok

Download or read book The Routledge Companion to Actor-Network Theory written by Anders Blok and published by Routledge. This book was released on 2019-06-17 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt: This companion explores ANT as an intellectual practice, tracking its movements and engagements with a wide range of other academic and activist projects. Showcasing the work of a diverse set of ‘second generation’ ANT scholars from around the world, it highlights the exciting depth and breadth of contemporary ANT and its future possibilities. The companion has 38 chapters, each answering a key question about ANT and its capacities. Early chapters explore ANT as an intellectual practice and highlight ANT’s dialogues with other fields and key theorists. Others open critical, provocative discussions of its limitations. Later sections explore how ANT has been developed in a range of social scientific fields and how it has been used to explore a wide range of scales and sites. Chapters in the final section discuss ANT’s involvement in ‘real world’ endeavours such as disability and environmental activism, and even running a Chilean hospital. Each chapter contains an overview of relevant work and introduces original examples and ideas from the authors’ recent research. The chapters orient readers in rich, complex fields and can be read in any order or combination. Throughout the volume, authors mobilise ANT to explore and account for a range of exciting case studies: from wheelchair activism to parliamentary decision-making; from racial profiling to energy consumption monitoring; from queer sex to Korean cities. A comprehensive introduction by the editors explores the significance of ANT more broadly and provides an overview of the volume. The Routledge Companion to Actor-Network Theory will be an inspiring and lively companion to academics and advanced undergraduates and postgraduates from across many disciplines across the social sciences, including Sociology, Geography, Politics and Urban Studies, Environmental Studies and STS, and anyone wishing to engage with ANT, to understand what it has already been used to do and to imagine what it might do in the future.

The Living Economy

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Publisher : Routledge
ISBN 13 : 1134955685
Total Pages : 418 pages
Book Rating : 4.1/5 (349 download)

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Book Synopsis The Living Economy by : Paul Ekins

Download or read book The Living Economy written by Paul Ekins and published by Routledge. This book was released on 2017-06-28 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 1986. Routledge is an imprint of Taylor and Francis, an informa company.

No Precedent, No Plan

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Publisher : MIT Press
ISBN 13 : 0262014653
Total Pages : 355 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis No Precedent, No Plan by : Martin G. Gilman

Download or read book No Precedent, No Plan written by Martin G. Gilman and published by MIT Press. This book was released on 2010 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: Review: "In 1998, President Boris Yeltsin's government defaulted on its domestic debt and Russia experienced a financial meltdown that brought it to the brink of disaster. In No Precedent, No plan, Martin Gilman offers an insider's view of Russia's financial crisis. As the International Monetary Fund's senior person in Moscow, Gilman was in the eye of the storm. Russia's policy response to the economic collapse stemming from the disintegration of the Soviet Union was chaotic. Fiscal deficits loomed in anticipation of future budget revenue that never seemed to materialize--despite repeated promises to the IMF. The rapid buildup of sovereign debt would have challenged even a competent government. In the new Russia, with its barely functioning government and no consensus on the path toward democratic and economic transformation, domestic politics trumped economic common sense." "Gilman argues that the debt default, although avoidable, actually spurred Russia to integrate its economy with the rest of the world. In analyzing the ordeal of the 1998 crisis, Gilman suggests that the IMF helped Russia avoid an even greater catastrophe. He details the IMF's involvement and underscores the unique challenge that Russia presented to the IMF. There really was no precedent, even if economist Joseph Stiglitz and others argued otherwise. In recounting Russia's emergence from the IMF's tutelage, Gilman explains how the shell-shocked Russian public turned to Vladimir Putin in search of stability after the trauma of 1998. And although Russia's own prospects are favorable, Gilman expresses concern that the 1998 Russian default could serve as an unfortunate precedent for sovereign defaults in the future with the IMF once again playing a similar role." "No Precedent, No Plan offers a definitive account--the first from an insider's perspective--of Russia's painful transition to a market economy."--BOOK JACKET

Economies of Death

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Publisher : Routledge
ISBN 13 : 131761691X
Total Pages : 198 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis Economies of Death by : Patricia J. Lopez

Download or read book Economies of Death written by Patricia J. Lopez and published by Routledge. This book was released on 2015-04-24 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economies of Death: Economic Logics of Killable Life and Grievable Death examines the economic logic involved in determining whose lives and deaths come to matter and why. Drawing from eight distinct case studies focused on the killability and grievability of certain humans, animals, and environmental systems, this book advances an intersectional theory of economies of death. A key feature of late-modern capitalism is its tendency to economically order certain human and nonhuman lives and environments, while appropriating and commodifying certain bodies and spaces in the process. Spanning the social sciences and humanities in its contributions and scope, each chapter shows how living beings and places are stripped down to the calculus of their end, with profound ethical and political implications for these entities and the world around them. From the genocide in Cambodia to the way some animals are considered ‘pets’ and others ‘food’; from September 11, 2001 and Afghanistan to the politics of redemption for prisoners and ex-racehorses in Kentucky, these case studies draw from and develop an enriched understanding of bio- and necropolitics, posthumanism, killability and grievability. In drawing together the objectification of humans, animals and environments (and the power-laden hierarchies that maintain this objectification), this volume highlights how death across these subjects informs and responds to broader geo-economic processes. This book aims to examine the reach of economies of death across such diverse subjects, challenging readers to consider the every-day calculus they make in determining whose lives mean more and why.

Confessions of an Economic Hit Man

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Publisher : Berrett-Koehler Publishers
ISBN 13 : 1576755126
Total Pages : 430 pages
Book Rating : 4.5/5 (767 download)

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Book Synopsis Confessions of an Economic Hit Man by : John Perkins

Download or read book Confessions of an Economic Hit Man written by John Perkins and published by Berrett-Koehler Publishers. This book was released on 2004-11-09 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: Perkins, a former chief economist at a Boston strategic-consulting firm, confesses he was an "economic hit man" for 10 years, helping U.S. intelligence agencies and multinationals cajole and blackmail foreign leaders into serving U.S. foreign policy and awarding lucrative contracts to American business.

An Evocative Autoethnography of Living Alongside Myalgic Encephalomyelitis (ME)

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Author :
Publisher : Cambridge Scholars Publishing
ISBN 13 : 1527573281
Total Pages : 277 pages
Book Rating : 4.5/5 (275 download)

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Book Synopsis An Evocative Autoethnography of Living Alongside Myalgic Encephalomyelitis (ME) by : Orlagh Farrell Delaney

Download or read book An Evocative Autoethnography of Living Alongside Myalgic Encephalomyelitis (ME) written by Orlagh Farrell Delaney and published by Cambridge Scholars Publishing. This book was released on 2021-07-30 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ground-breaking book explores and explains the day-to-day realities of living long-term with Myalgic Encephalomyelitis (ME). ME is an acquired complex disorder characterised by a variety of symptoms affecting multiple systems of the body. Marked fatigue and weakness, sickness, cognitive dysfunction and symptom flare-up can follow any physical or cognitive exertion. It is estimated that there are 17-24 million sufferers worldwide. The author has lived with moderately severe ME for the last 18 years. Utilising autoethnography as a methodology and drawing on multidisciplinary social science theory, the book tells the story of the author’s own lived experiences of the illness, and how she sought to reimagine a ‘self’ or a life living alongside the illness, that could still be considered a ‘good life’. This autoethnographic book is beautifully and evocatively written. It is a work of scholarship that will be highly accessible to academic and other readers. It is also a comprehensive introduction to autoethnography as a methodology, but it is much more. The images and poetry complement the narrative discussion, and are exemplary as part of an approach that integrates creative work with academic argument. It illuminates the struggles of living with ME and how there can be sanctuary.

The Economics of Sovereign Debt and Default

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Author :
Publisher : Princeton University Press
ISBN 13 : 0691231435
Total Pages : 200 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis The Economics of Sovereign Debt and Default by : Mark Aguiar

Download or read book The Economics of Sovereign Debt and Default written by Mark Aguiar and published by Princeton University Press. This book was released on 2023-09-26 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: An integrated approach to the economics of sovereign default Fiscal crises and sovereign default repeatedly threaten the stability and growth of economies around the world. Mark Aguiar and Manuel Amador provide a unified and tractable theoretical framework that elucidates the key economics behind sovereign debt markets, shedding light on the frictions and inefficiencies that prevent the smooth functioning of these markets, and proposing sensible approaches to sovereign debt management. The Economics of Sovereign Debt and Default looks at the core friction unique to sovereign debt—the lack of strong legal enforcement—and goes on to examine additional frictions such as deadweight costs of default, vulnerability to runs, the incentive to “dilute” existing creditors, and sovereign debt’s distortion of investment and growth. The book uses the tractable framework to isolate how each additional friction affects the equilibrium outcome, and illustrates its counterpart using state-of-the-art computational modeling. The novel approach presented here contrasts the outcome of a constrained efficient allocation—one chosen to maximize the joint surplus of creditors and government—with the competitive equilibrium outcome. This allows for a clear analysis of the extent to which equilibrium prices efficiently guide the government’s debt and default decisions, and of what drives divergences with the efficient outcome. Providing an integrated approach to sovereign debt and default, this incisive and authoritative book is an ideal resource for researchers and graduate students interested in this important topic.

Democracy at Work

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Publisher : Haymarket Books
ISBN 13 : 1608462579
Total Pages : 221 pages
Book Rating : 4.6/5 (84 download)

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Book Synopsis Democracy at Work by : Richard Wolff

Download or read book Democracy at Work written by Richard Wolff and published by Haymarket Books. This book was released on 2012-10-02 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: What, and who, are we working for? A thoughtful assessment on our current society from “probably America’s most prominent Marxist economist” (The New York Times). Capitalism as a system has spawned deepening economic crisis alongside its bought-and-paid-for political establishment. Neither serves the needs of our society. Whether it is secure, well-paid, and meaningful jobs or a sustainable relationship with the natural environment that we depend on, our society is not delivering the results people need and deserve. One key cause for this intolerable state of affairs is the lack of genuine democracy in our economy as well as in our politics. The solution requires the institution of genuine economic democracy, starting with workers managing their own workplaces, as the basis for a genuine political democracy. Here Richard D. Wolff lays out a hopeful and concrete vision of how to make that possible, addressing the many people who have concluded economic inequality and politics as usual can no longer be tolerated and are looking for a concrete program of action. “Wolff’s constructive and innovative ideas suggest new and promising foundations for much more authentic democracy and sustainable and equitable development, ideas that can be implemented directly and carried forward. A very valuable contribution in troubled times.” —Noam Chomsky, leading public intellectual and author of Hope and Prospects

Lending to the Borrower from Hell

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Author :
Publisher : Princeton University Press
ISBN 13 : 069117377X
Total Pages : 329 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Lending to the Borrower from Hell by : Mauricio Drelichman

Download or read book Lending to the Borrower from Hell written by Mauricio Drelichman and published by Princeton University Press. This book was released on 2016-12-13 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: What the loans and defaults of a sixteenth-century Spanish king can tell us about sovereign debt today Why do lenders time and again loan money to sovereign borrowers who promptly go bankrupt? When can this type of lending work? As the United States and many European nations struggle with mountains of debt, historical precedents can offer valuable insights. Lending to the Borrower from Hell looks at one famous case—the debts and defaults of Philip II of Spain. Ruling over one of the largest and most powerful empires in history, King Philip defaulted four times. Yet he never lost access to capital markets and could borrow again within a year or two of each default. Exploring the shrewd reasoning of the lenders who continued to offer money, Mauricio Drelichman and Hans-Joachim Voth analyze the lessons from this important historical example. Using detailed new evidence collected from sixteenth-century archives, Drelichman and Voth examine the incentives and returns of lenders. They provide powerful evidence that in the right situations, lenders not only survive despite defaults—they thrive. Drelichman and Voth also demonstrate that debt markets cope well, despite massive fluctuations in expenditure and revenue, when lending functions like insurance. The authors unearth unique sixteenth-century loan contracts that offered highly effective risk sharing between the king and his lenders, with payment obligations reduced in bad times. A fascinating story of finance and empire, Lending to the Borrower from Hell offers an intelligent model for keeping economies safe in times of sovereign debt crises and defaults.