About Debt & Society

Debt is at the center of  today’s economies. Debt can fuel consumption and investment to stimulate economic growth. But debt also has pitfalls.  Excessive leveraging of debt contributed to the collapse of mortgage-backed security markets in 2008 and the onset of the Great Recession. Since then, households, students, nation-states, local governments, colleges, and others have struggled under the weight of unsustainable debts.

The excessive leveraging of debt has occurred together with a process that scholars call “financialization.” Financialization is both the growth in the relative size of the financial sector as well as the growing importance of financial markets, strategies and activities throughout the rest of the economy. Debt and Society features research and discussion of the causes, consequences, and meanings of financialization and uses of debt. We hope that Debt and Society can be a meeting place for scholars, policy makers, reporters, and any members of the public who want to join this discussion.

Contributors to Debt & Society

Charlie Eaton

Charlie Eaton is a Postdoctoral Scholar in the Stanford Graduate School of Education. His research looks at how organizations shape inequality through politics, the economy, and social policy. His dissertation is on the financialization of higher education. You can follow him on Twitter @eatoncharlie

Jacob Habinek

Jacob Habinek Jacob Habinek is a PhD candidate in Sociology at UC Berkeley. He holds an MS in Sociology from the University of Wisconsin. His research focuses on the evolution of organizations and professions. His dissertation is a comparative study of the development of the biological sciences in Germany and Britain.

Tamera Lee Stover

Tamera Lee Stover is a PhD candidate in sociology at UC Berkeley. She will be submitting her dissertation on May 5, 2014. Her primary interests surround the question of how immigrant subjectivities are shaped by the globalizing conditions of modernity.

Daniela García Santibáñez Godoy

Daniela García Santibáñez Godoy is a Master of Public Policy candidate at the University of California, Berkeley. As an economist, she has worked in research and consulting for the public and private sector, and for a major international organization. Her concentration of study is international development.

Cyrus Dioun

Cyrus Dioun is a doctoral researcher at the UC Berkeley Department of Sociology. He has a M.A. in Quantitative Methods in the Social Sciences from Columbia University. His dissertation uses computational techniques and “big data” to map the emergence and transformation of markets.

Adam Goldstein

Adam Goldstein is a PhD candidate in Sociology at UC Berkeley. His current research focuses on the economic sociology of financial capitalism in the contemporary United States.

Mukul Kumar

Mukul Kumar is a doctoral researcher in City and Regional Planning at UC Berkeley. He holds an M.Phil from the University of Cambridge and his research interests are in political economy and public finance.

Jeremy Thompson

Jeremy Thompson is a researcher with a master’s degree in urban planning and policy, with a concentration in economic development, from the University of Illinois at Chicago. His research interests are urban economic development and public finance.

Armando Aparicio

Armando Aparicio