A Debtor World: Interdisciplinary Perspectives on Debt

ISBN : 9780199873722

Ralph Brubaker; Robert M. Lawless; Charles J. Tabb
336 Pages
163 x 240 mm
Pub date
Nov 2012
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A Debtor World contains a collection of contributions about the societal implications of private debt. The essays comprising this volume are authored by dozens of leading U.S. and international academics who have written about debt or issues related to debt in a wide range of disciplines including law, sociology, psychology, history, economics, and more. The goal of this collection is to explore debt neither as a problem nor a solution but as a phenomenon and to promote the exchange of knowledge to better comprehend why consumers and businesses decide to borrow money. It asks what happens to businesses and consumers under a heavy debt load, and what legal norms and institutions societies need to encourage the efficient use of debt while promoting a greater understanding of the global phenomenon of increased indebtedness and societal dependence.


List of Contributors
I. Social Institutions That Create an Indebted World
Chapter One
Debt, Credit and Poverty in Early Modern England
Craig Muldrew, Senior Lecturer in History, Queens' College, University of Cambridge
Chapter Two
Debt and the Simulation of Social Class
Teresa A. Sullivan, Provost and Executive Vice President for Academic Affairs, and Professor of Sociology, University of Michigan
Chapter Three
"Hyperconsumption" and "Hyperdebt": A "Hypercritical" Analysis
George Ritzer, Distinguished University Professor, University of Maryland
II. Decisions to Lend
Chapter Four
Lender Incentives, Credit Risk, and Securitization: Evidence from the Subprime Mortgage Crisis
Amir Sufi, Associate Professor of Finance, University of Chicago
Chapter Five
How and Why Credit Assessors "Get it Wrong" When Judging the Risk of Borrowers: Past and Present Evidence at Home and Abroad
Paul Vaaler, Associate Professor of Management, University of Minnesota
Gerry McNamara, Professor of Management, Michigan State University
III. Decisions to Borrow
Chapter Six
The Psychology of Debt in Poor Households in Britain
Stephen E.G. Lea, Professor of Psychology and Head of School, University of Exeter
Avril J. Mewse, Senior Lecturer in Psychology, University of Exeter
Wendy Wrapson, Honorary Fellow in Psychology, University of Exeter
Chapter Seven
Brain, Decision, and Debt
Brian Knutson, Associate Professor of Psychology and Neuroscience, Stanford University
Gregory R. Samanez-Larkin, Doctoral Candidate in Psychology, Stanford University
Chapter Eight
The Limits of Enhanced Disclosure in Bankruptcy Law: Anticipated and Experienced Emotion
Richard L. Wiener, Professor of Psychology and Director of the Law and Psychology Program, University of Nebraska at Lincoln
Jason A. Cantone, Doctoral Candidate in Psychology, University of Nebraska at Lincoln
Michael Holtje, Doctoral Candidate in Psychology, University of Nebraska at Lincoln
Susan Block-Lieb, Professor of Law, Fordham University
IV. Political and Legal Responses to Over-Indebtedness
Chapter Nine
The Virtue of Consumer Bankruptcy
Heidi M. Hurd, David C. Baum Professor of Law and Professor of Philosophy, University of Illinois
Chapter Ten
Missing Debtors: National Lawmaking and Global Norm-Making of Corporate Bankruptcy Regimes
Terence C. Halliday, Co-Director, Center on Law and Globalization of the American Bar Foundation & the University of Illinois College of Law, and Research Professor, American Bar Foundation
Susan Block-Lieb, Professor of Law, Fordham University
Bruce G. Carruthers, Professor of Sociology, Northwestern University
Chapter Eleven
Balance of Knowledge
Elizabeth Warren, Leo Gottlieb Professor of Law, Harvard University

About the author: 

Ralph Brubaker is a professor of law at the University of Illinois. He is a prolific scholar of bankruptcy law and policy and is an expert on the complex jurisdictional and procedural facets of federal bankruptcy proceedings. He has been a member of the Board of Directors and the Executive Committee of the American Bankruptcy Institute, and is a fellow of the American College of Bankruptcy. ; Robert M. Lawless is a professor of law and co-director of the Illinois Program on Law, Behavior & Social Science at the University of Illinois where he writes and teaches about bankruptcy and consumer credit. He is a regular contributor to the blog Credit Slips, a discussion on credit and bankruptcy, and a fellow of the American College of Bankruptcy.; Charles J. Tabb is the Alice C. Campbell Professor of Law at the University of Illinois, and is on the Catolica Global Law Faculty in Lisbon, Portugal. Professor Tabb has published 6 books and dozens of articles on bankruptcy law. He advised the Chinese government on the reform of their bankruptcy law; served on the Advisory Committee for the Federal Rules of Bankruptcy Procedure; and served as a Uniform Law Commissioner. Professor Tabb is a member of the Board of Regents of the American College of Bankruptcy.

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