Speculative futures in the time of debt

Title: Speculative futures in the time of debt
Creator: Adkins, Lisa
Relation: The Sociological Review Vol. 65, Issue 3, p. 448-462
Publisher Link: http://dx.doi.org/10.1111/1467-954X.12442
Publisher: Sage Publications
Resource Type: journal article
Date: 2017
Description: This article concerns the temporality of debt. Against the claim that the society of debt has emptied out futures via the elevation of the promise to pay to a total social fact, it suggests that the time of securitized debt is speculative in form. Thus, in the time of securitized debt, pasts, presents and futures do not stand in a pre-set relation to one another, but are open to a constant state of revision: they may be drawn and redrawn, assembled and disassembled, set and reset. This time is tracked across changing schedules of household and personal debt - and crucially in the logics of accumulation via securitized debt - to argue that far from emptying out futures debt society demands subjects who must constantly adjust to recalibrations of pasts, presents and futures as well as to changes in the relations between and across these states.
Subject: debt; futures; money; securitization; speculation; time
Identifier: http://hdl.handle.net/1959.13/1351781
Identifier: uon:30771
Identifier: ISSN:0038-0261
Language: eng
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