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BIOPOLITICAL ECONOMIES OF DEBT
BIOPOLITICAL ECONOMIES OF DEBT

Author(s): Michael A. Peters
Subject(s): Contemporary Philosophy, Structuralism and Post-Structuralism, Higher Education , Socio-Economic Research, Sociology of Education
Published by: Addleton Academic Publishers
Keywords: debt; Nietzsche; biopolitics; finance capitalism; Lazzarato; educational economy of debt;

Summary/Abstract: This paper provides a Nietzschean-inspired account of “biopolitical economies of debt” as a basis for analyzing the sovereign debt crises experienced by many countries in the last few decades, focusing on Greece. The paper argues that the sovereign debt crises are themselves only a reflection of even greater changes in the nature of capitalism that fall under the description of finance capitalism and financialization. In this regard the paper briefly examines and alludes to the work of Maurizio Lazzarato’s The Making of the Indebted Man (2012) and, more recently, Governing by Debt (2015) before examining debt as a cultural universal and the so-called “educational economy of debt.”

  • Issue Year: 2016
  • Issue No: 15
  • Page Range: 7-19
  • Page Count: 13
  • Language: English
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