Indebted Societies (Paperback) (ISBN-13: 9781108971584)

In many rich democracies, access to financial markets is now a prerequisite for fully participating in labor and housing markets and pursuing educational opportunities. Indebted Societies introduces a new social policy theory of everyday borrowing to examine how the rise of credit as a private alternative to the welfare state creates a new kind of social and economic citizenship. Andreas Wiedemann provides a rich study of income volatility and rising household indebtedness across OECD countries. Weaker social policies and a flexible knowledge economy have increased costs for housing, education, and raising a family - forcing many people into debt. By highlighting how credit markets interact with welfare states, the book helps explain why similar groups of people are more indebted in some countries than others. Moreover, it addresses the fundamental question of whether individuals, states, or markets should be responsible for addressing socio-economic risks and providing social opportunities.

Author: Andreas Wiedemann
ISBN-10: 110897158X
ISBN-13: 9781108971584
Publisher: Cambridge University Press
Language: English
Published: 07/08/2021
Pages: 350
Format: Paperback
Weight: 1.12lbs
Size: 9.00h x 6.00w x 0.77d