A debtor world : interdisciplinary perspectives on debt

Description

A Debtor World contains a collection of contributions about the societal implications of private debt. The essays comprising this volume are authored by dozens of leading U.S. and international academics who have written about debt or issues related to debt in a wide range of disciplines including law, sociology, psychology, history, economics, and more. The goal of this collection is to explore debt neither as a problem nor a solution but as a phenomenon and to promote the exchange of knowledge to better comprehend why consumers and businesses decide to borrow money. It asks what happens to businesses and consumers under a heavy debt load, and what legal norms and institutions societies need to encourage the efficient use of debt while promoting a greater understanding of the global phenomenon of increased indebtedness and societal dependence. Content: Debt, credit, and poverty in early modern England / Craig Muldrew -- Debt and the simulation of social class / Teresa A. Sullivan -- "Hyperconsumption" and "hyperdebt": a "hypercritical" analysis / George Ritzer -- Lender incentives, credit risk, and securitization: evidence from the subprime mortgage crisis / Amir Sufi -- How and why credit assessors "get it wrong" when judging the risk of borrowers: past and present evidence at home and abroad / Paul Vaaler, Gerry McNamara -- The psychology of debt in poor households in Britain / Stephen E.G. Lea, Avril J. Mewse, Wendy Wrapson -- Brain, decision, and debt / Brian Knutson, Gregory R. Samanez-Larkin -- The limits of enhanced disclosure in bankruptcy law: anticipated and experienced emotion / Richard L. Wiener [and others] -- The virtue of consumer bankruptcy / Heidi M. Hurd -- Missing debtors: national lawmaking and global norm-making of corporate bankruptcy regimes / Terence C. Halliday, Susan Block-Lieb, Bruce G. Carruthers -- Balance of knowledge / Elizabeth Warren.