Debt and Austerity: Implications of the Financial Crisis

Author: Jodi Gardner; Mia Gray; Katharina Moser
Publisher: Edward Elgar Publishing
ISBN: 9781839104343
Published In: November 2020
Format: Hardback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Contents

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This book explores the complex interactions between debt and austerity, analysing the social, economic, and legal implications of governments’ responses to the 2008 financial crisis.

Demonstrating how the nature of debt for those on low incomes has changed radically over the last decade, the chapters provide insight into how structural inequality was exacerbated by changes in the redistributive state, the legal system, and the welfare system. The examination occurs on a number of levels and these issues are explored through the lens of power, place, and class. The authors utilize both international case studies and 'on the ground' experiences, reviewing the role of high cost credit, bailiffs, local governments, bankruptcy, and debt advice. Through the analysis of the nature and structure of debt in specific countries, it highlights important lessons for a global audience.

This unique book offers a broad, multi-faceted insight into the issue of low-income debt which will greatly benefit academics in law, social policy, geography, and economics. Its focus on practical steps and potential reforms, as well as contributions from third sector organizations, will also interest practitioners, policymakers, and NGOs.

PART I. NATURE OF THE PROBLEM

1. Understanding low-income debt in a high-income country

Mia Gray, Katharina Möser and Jodi Gardner

2. Mortgage debt in an age of austerity

Susan J. Smith

3. Debt begets debt: public and private debt in austerity Britain

Mia Gray

4. Austerity and financial safety nets: bankruptcy abuse prevention and bank prevention in Irish post-crisis policy?

Joseph Spooner

5. The changing infrastructure of debt relief: privatisation, bureaucracy and public choice

Katharina Möser

6. ‘I just felt responsible for my debts’: debt stigma and class(ificatory) exploitation