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The Debt of the Living: Ascesis and Capitalism

By Elettra Stimilli, Arianna Bove (Translator), Roberto Esposito (Foreword by)
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By Elettra Stimilli, Arianna Bove (Translator), Roberto Esposito (Foreword by)
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An analysis of theological and philosophical understandings of debt and its role in contemporary capitalism.

Max Weber's account of the rise of capitalism focused on his concept of a Protestant ethic, valuing diligence in earning and saving money but restraint in spending it. However, such individual restraint is foreign to contemporary understandings of finance, which treat ever-increasing consumption and debt as natural, almost essential, for maintaining the economic cycle of buying and se...

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