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Debt to Society: Accounting for Life Under Capitalism
Author: Miranda Joseph
File Type: pdf
It is commonplace to say that criminals pay their debt to society by spending time in prison, but what is a debt to society? How is crime understood as a debt? How has time become the equivalent for crime? And how does criminal debt relate to the kind of debt held by consumers and university students? In Debt to Society, Miranda Joseph explores modes of accounting as they are used to create, sustain, or transform social relations. Envisioning accounting broadly to include financial accounting, managerial accounting of costs and performance, and the calculation of debts to society owed by criminals, Joseph argues that accounting technologies have a powerful effect on social dynamics by attributing credits and debts. From sovereign bonds and securitized credit card debt to student debt and mortgages, there is no doubt that debt and accounting structure our lives. Exploring central components of neoliberalism (and neoliberalism in crisis) from incarceration to personal finance and university management, Debt to Society exposes the uneven distribution of accountability within our society. Joseph demonstrates how ubiquitous the forces of accounting have become in shaping all aspects of our lives, proposing that we appropriate accounting and offer alternative accounts to turn the present toward a more widely shared well-being. **** hr Review Debt to Society provides an innovative and ambitious scholarly intervention across a wide swath of fields, with much fresh thinking and provocative reframing in every one. Miranda Joseph analyzes the diverse and conflicted neoliberal norm of entrepreneurial subjectivity, searching for and illuminating its possible breaking points. Lisa Duggan, New York University Ive been distressed by the increasing focus on debt as a central instrument of social control. Miranda Joseph offers a much richer reading of how debt is embedded in a larger system of social control via accounting. But this is no screed against accountingit is instead a guide to thinking about how we use statistics and other forms of abstraction, and how we might rethink the practice to produce a better world. I learned a lot from it. Doug Henwood editor, Left Business Observer About the Author Miranda Joseph is professor of gender and womens studies at the University of Arizona. She is author of Against the Romance of Community (Minnesota, 2002).
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