An anthropological contribution to rethinking the relationship between money, debt, and economic growth

Robbins, Richard

doi:10.3167/fcl.2018.810108

Cited by 4 publications

(5 citation statements)

References 22 publications

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“…Moreover, the results show that health policies that reduce infant mortality rates lead to economic growth that reduces total debt. According to Robbins (2018), infant health is an important factor that positively affects social and individual well-being. As noted, the implementation of some health policies increases GDP (Ali and Xialing 2017;Zaidi and Saidi 2018).…”

Section: Methods Of Analysismentioning

confidence: 99%

Fiscal Space Policies for Sustainable Development and Debt Relief: Empirical Analysis in West African Countries

Kazemikhasragh

Pineda

2023

New Global Studies

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The uncertainty that the COVID-19 pandemic has brought demonstrates that income redistribution and traditional debt relief mechanisms are insufficient to meet public spending needs, mitigate external debt, and comply with the UN’s Sustainable Development Goals (SDGs), which aim to reduce multilateral debt to sustainable levels. Also, West African countries have focused their attention on the long-term fight against poverty and inequality and strengthening their social programs, especially in primary health care and macroeconomic stability. However, for more than a decade, the developing and least developed countries of West Africa have faced rapidly weakening macroeconomic conditions, combining several interrelated crises such as the sharp decline in oil prices, volatile financial markets and tourism disruptions, a global recession, the crisis of climate change, and shortages of food and energy, along with the economic contraction of COVID-19. Data from these countries show that health spending increases economic growth, minimizes infant mortality rates, and reduces debt. Furthermore, increasing government spending efficiency reduces the total debt and improves the health sector, in particular.

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Section: Methods Of Analysismentioning

confidence: 99%

Fiscal Space Policies for Sustainable Development and Debt Relief: Empirical Analysis in West African Countries

Kazemikhasragh

Pineda

2023

New Global Studies

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“…Following central banks’ policies, commercial banks kept interest rates low, encouraging working‐class people to go into debt in a context of increasing unemployment and wage stagnation. Meanwhile wealthy people would not yield returns by keeping their money in banks (Robbins 2018). In this context, surplus capital has been propelled toward housing markets, encouraging individual investors into asset‐based welfare (Fields, 2018).…”

Section: The Political Economy Of Urban and Housing Financialisation ...mentioning

confidence: 99%

The Political Economy of Housing Investment in the Short‐Term Rental Market: Insights from Urban Portugal

Báez

Cocola‐Gant

2022

Antipode

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Short-term rentals (STRs) emerged as holiday accommodations, disrupting the hospitality industry in the decade before COVID-19. Mainstream explanations for their growth revolved around digital tourism platforms like Airbnb as market disruptors and the sharing economy rationale. At the same time, critical scholars explored the capitalisation of greater rent gaps in urban central locations. However, these explanations are insufficient to explain the growth of STRs. We supplement them by building bridges between the urban political economy and the geographies of financialisation through the cases of Lisbon and Porto before the pandemic. The paper focuses on tourisminduced housing investment, taking a closer look at the profile of investors in association with STR property managers in the context of the late-entrepreneurial urban regime. We conclude that tourism development has allowed opportunities for housing financialisation through STR professionalisation, enhancing the allocation of interest-bearing capital in tourism-oriented real estate. Resumen: Los alquileres de corta duraci on (STRs en sus siglas en ingl es) surgieron como alojamientos vacacionales, revolucionando la industria tur ıstica en la d ecada anterior al Covid-19. Las principales explicaciones sobre su irrupci on apuntan a que las plataformas de turismo digital, como Airbnb, alteraron el mercado a trav es de la l ogica de la econom ıa colaborativa, mientras que voces cr ıticas tambi en han explorado la capitalizaci on de brechas de renta m as amplias en areas urbanas centrales. Sin embargo, estas explicaciones son insuficientes para comprender el r apido crecimiento de esta tipolog ıa de alojamiento. Aqu ı se complementan tales ideas mediante la articulaci on entre la econom ıa pol ıtica urbana y las geograf ıas de la financiarizaci on a trav es de los casos de Lisboa y Oporto antes de la pandemia. El art ıculo se centra en la inversi on inmobiliaria inducida por el turismo, examinando el perfil de los inversores privados en conjunci on con las empresas de gesti on de propiedades para alquiler tur ıstico en el contexto del urbanismo empresarial tard ıo. As ı, concluimos que el desarrollo tur ıstico reciente ha ampliado el horizonte de financiarizaci on de la vivienda gracias a la profesionalizaci on del alquiler vacacional, maximizando los beneficios del capital invertido en bienes inmobiliarios para uso tur ıstico.

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“…As we explored in previous sections, growth and the way the money system works are intimately intricated. Compounded interest demands the constant increase in profit beyond covering 'needs' to satisfy the profit of those producing the money (Robbins, 2018). In order to get more growth, more debt has to be issued.…”

Section: The Second Leg: Degrowth and The Life And Death Of Moneymentioning

confidence: 99%

Towards an ecology of care: Basic Income after the nation-state

Linares¹,

Cabaña

2022

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The following paper is about care1. It proposes a political vision to move towards a care-centred society that will allow the flourishing of everyone while keeping the planet inhabitable and thriving. For this utopian horizon that we name an ecology of care, we propose the creation of a Basic Income system that is constituted outside of and beyond the realm of the nation-state, as a means of changing humanity’s relationship to itself and transitioning from capitalism to a commons-based society. It argues for a disembedding of work—and the time allocated to it—from money, through a reformulation of the production of money in the form of an income distributed as an equal share to all those who are part of the planetary commons. Finally, it connects this Basic Income proposal with degrowth as a radical and necessary reformulation of society that considers its ecological roots and replaces the obsession with endless economic growth with the principle of taking care of people.

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An anthropological contribution to rethinking the relationship between money, debt, and economic growth

Cited by 4 publications

References 22 publications

Fiscal Space Policies for Sustainable Development and Debt Relief: Empirical Analysis in West African Countries

Fiscal Space Policies for Sustainable Development and Debt Relief: Empirical Analysis in West African Countries

The Political Economy of Housing Investment in the Short‐Term Rental Market: Insights from Urban Portugal

Towards an ecology of care: Basic Income after the nation-state

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