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Indebted life and money culture: Payday lending in the United Kingdom

Langley, P.; Anderson, B.; Ash, J.; Gordon, R.

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Authors

J. Ash

R. Gordon



Abstract

Critical social scientific research holds that credit–debt is a principal economic and governing relation in contemporary economy and society, but largely neglects money’s role in indebted life. Drawing on qualitative research in the payday loan market in the United Kingdom, the paper shows that borrowers typically relate to loans in monetary rather than financial terms and incorporate them into practices of payment, spending and online banking. To analyse how indebted life is variously experienced and enacted through money, the concept of money culture is developed to refer to money’s culture, money’s meanings and money’s affects. Borrowers enter into and negotiate payday loans through a digitally mediated money culture that both mobilizes and runs counter to money’s powerful fictions as circulating universal equivalent and calculative means of account.

Citation

Langley, P., Anderson, B., Ash, J., & Gordon, R. (2019). Indebted life and money culture: Payday lending in the United Kingdom. Economy and Society, 48(1), 30-51. https://doi.org/10.1080/03085147.2018.1554371

Journal Article Type Article
Acceptance Date Nov 21, 2018
Online Publication Date Mar 22, 2019
Publication Date 2019
Deposit Date Nov 23, 2018
Publicly Available Date Mar 28, 2024
Journal Economy and Society
Print ISSN 0308-5147
Electronic ISSN 1469-5766
Publisher Taylor and Francis Group
Peer Reviewed Peer Reviewed
Volume 48
Issue 1
Pages 30-51
DOI https://doi.org/10.1080/03085147.2018.1554371

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