Debt and austerity : implications of the financial crisis / edited by Jodi Gardner, Mia Gray, Katharina Moser.

Format:

Book

Contributor:

Edward Elgar Publishing, publisher.

Gardner, Jodi, editor.

Gray, Mia, editor.

Möser, Katharina, editor.

Language:

English

Subjects (All):

Great Britain--Politics and government--2007-.

Great Britain.

Genre:

History.

Physical Description:

1 online resource (360 pages)

Place of Publication:

Cheltenham, England ; Northampton, Massachusetts : Edward Elgar Publishing, [2020]

Summary:

"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, policy makers and NGOs"-- Provided by publisher.

Contents:

Contents: Foreword

Acknowledgements

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 / Matthew Sparkes

7 Austere social reproduction and the gendered geographies of debt / Sam Strong

PART II NATURE OF THE SOLUTION

8 The poverty premium and debt / Sara Davies and Andrea Finney

9 High-cost credit in the UK: what's the problem and how should policy respond? / Karen Rowlingson

10 The rise and rise of affordability complaints / Sara Williams

11 Consumer debt problems and the image of the consumer in Swedish consumer credit regulation / Ann-Sofie Henrikson

12 Partnering to address financial exclusion in Australia / Jordan Grace

13 Relief from austerity: the case for a targeted write-off of the UK's household debt stock / Johnna Montgomerie

14 Austerity, inequality and high-cost credit: understanding the role of a social minimum / Jodi Gardner

Index.

Notes:

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-83910-435-X