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Debt and Guilt: A Political Philosophy

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The issue of debt and how it affects our lives is becoming more and more urgent. The "Austerity" model has been the prevalent European economic policies of recent years led by the "German model". Elettra Stimilli draws upon contemporary philosophy, psychology and theology to argue that austerity is built on the idea that we somehow deserve to be punished and need to experience guilt in order to take full account of our economic sins. Following thinkers such as Max Weber, Walter Benjamin and Michel Foucault, Debt and Guilt provides a startling examination of the relationship between contemporary politics and economics and how we structure our inner lives.

The first English translation of Debito e Colpa, this book provokes new ways of thinking about how we experience both debt and guilt in contemporary society.

The first English Translation of Eletra Stimilli's 'Debito e Colpa', a timely and lively exploration of the relationship between economic debt and guilt focusing on the stultifying effects of the Western 'austerity agenda'.

The issue of debt and how it impacts our everyday lives is incredibly timely
Elettra Stimilli is an up and coming Italian philosopher whose first book has been translated into English by SUNY Press. She is frequently cited alongside the big Italian names like Roberto Esposito.
A timely addition to Bloomsbury's growing collection of translations by Italian philosophers, a blossoming are in contemporary critical thought.

Introduction
Chapter One: Debt: Between Appropriation, Exchange, and Gift
1. The Problematic Context
2. Appropriation
3. Exchange
4. Gift

Chapter Two: An Open Question
1. The Neoliberal Turn
2. The Society of Generalized Debt
3. The Paradigm of Man in Debt

Chapter Three: Between Political Theology and Economic Theology
1. Beyond the Boundaries of Economic Science
2. Religion, Politics, and Economics
3. “Faith” in the Era of the Predominance of Finance
4. Debt and Sacrifice
5. Guilt and Violence: At the Origin of Juridical Power

Chapter Four: The Religion of Debt
1. Bare Life and the Law
2. Capitalism: A Cult with no Theology
3. Economy and Regulatory Experimentation
4. The Invention of Oikonomia
5. Debt as Investment

Chapter Five: The Psychic Life of Debt
1. The Guilt of Being in Debt
2. Establishing the Rule: Psychic Dimension and Social Sphere
3. Feminism and Neoliberalism
4. The Mystery of Guilt and the Psychic Life of Power
5. Envisioning New Ways of Assuming Power

Conclusions
Bibliography
Index

Elettra Stimilli's new book offers a deeply-informed, succinct and far-ranging account of the debates around our contemporary condition of “universal indebtedness.” By asking fundamental questions and putting major figures into dialogue, she has rebooted and redrawn a whole field of political thinking. Her book deserves to be widely read by those-both in and out of academia-who believe that the present regime of debt and guilt cannot have the last word.

What a bracing, challenging, and compelling analysis and conceptual genealogy of the devastations of financial capitalism. Stimilli writes with clarity, eloquence, and brilliance. She not only shows how debt is the essential mechanism enabling the osmosis between the contemporary neoliberal state and the global financial market but also demonstrates the psychic, cultural and ultimately theological dimensions of debt in all its vicissitudes. This is essential reading for anyone who is trying to make sense of the current disaster.

Elettra Stimilli is Assistant Professor in the Department of Philosophy at the Sapienza University of Rome, Italy. She is the author of Jacob Taubes (2004) and The Debt of the Living (2017) and the editor of Italian Critical Thought (2018).

Stefania Porcelli is Associate Professor in Comparative Literature, CUNY, USA

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    $27.85