Stefano Sgambati
Biographic Data
| ID | 317398 |
|---|---|
| NAME | Stefano Sgambati |
| GIVEN NAMES | Stefano |
| FAMILY NAME | Sgambati |
| SIGNATURE | SGAMBATI S |
| AFFILIATIONS | City, University of London |
| ORCID | 0009-0005-3175-9276 |
| VERIFIED | Yes |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 36 |
| WORKS AS AUTHOR | 5 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2015 |
| LATEST PUBLICATION YEAR | 2023 |
| H-INDEX | 4 |
Financial Eschatology and the Libidinal Economy of Leverage
Apocalyptic thinking has a long religious and political tradition, but what place does it occupy within the temporal universe of contemporary capitalism? In this essay, we use the figure of the eschaton to draw out the loaded and ambiguous character of the future as it emerges through the condition of indebtedness. This entails a departure from political economy accounts of capitalist futurity, which stress the structural logic of financial specu…
Who owes? Class struggle, inequality and the political economy of leverage in the twenty-first century
The prevalent consensus in critical social sciences is that finance articulates the world economy as a global hierarchy of creditor-debtor relations that reproduce and further aggravate existing income and wealth inequalities. Class struggle is correspondingly understood as a conflict between elite creditors, who are members of the global top 1% of wealth holders, and mass debtors, who are burdened by growing costs of servicing public and private…
The art of leverage
There are two main theories of banking which seem to be incompatible by nature. According to the first, banks intermediate money through their credit infrastructure but are not themselves able to create new money. By contrast, the second argues that banks do create money out of nothing in the process of lending their credit. Significantly, despite their contrasts, both theories conceptualize banking in functionalist terms as the financing of othe…
Rethinking banking. Debt discounting and the making of modern money as liquidity
The article radically challenges the conventional view of modern banking as financial intermediation and rejects the mutually related notion, firmly entrenched in both the mainstream and alternative imaginary, of fractional reserve banking. By contrast, it argues that modern banks are peculiar financiers which, far from banking other people's money, are originally and primarily involved with making money by creating a most fundamental institution…
The Significance of Money Beyond Ingham's Sociology of Money
Understanding money requires that we first grasp what makes money so significant-sovaluable-to us. The article thus examines the sociology outlined by Geoffrey Ingham and criticises its ontology of money as ameasure of valueunderpinned by state authority. By contrast, it argues that money ought to be primarily intended asvalue in itself. Accordingly, money's most specific attribute is none of its canonical functions but rather purchasing power: t…
The art of leverage
There are two main theories of banking which seem to be incompatible by nature. According to the first, banks intermediate money through their credit infrastructure but are not themselves able to create new money. By contrast, the second argues that banks do create money out of nothing in the process of lending their credit. Significantly, despite their contrasts, both theories conceptualize banking in functionalist terms as the financing of othe…
Rethinking banking. Debt discounting and the making of modern money as liquidity
The article radically challenges the conventional view of modern banking as financial intermediation and rejects the mutually related notion, firmly entrenched in both the mainstream and alternative imaginary, of fractional reserve banking. By contrast, it argues that modern banks are peculiar financiers which, far from banking other people's money, are originally and primarily involved with making money by creating a most fundamental institution…
Financial Eschatology and the Libidinal Economy of Leverage
Apocalyptic thinking has a long religious and political tradition, but what place does it occupy within the temporal universe of contemporary capitalism? In this essay, we use the figure of the eschaton to draw out the loaded and ambiguous character of the future as it emerges through the condition of indebtedness. This entails a departure from political economy accounts of capitalist futurity, which stress the structural logic of financial specu…
Who owes? Class struggle, inequality and the political economy of leverage in the twenty-first century
The prevalent consensus in critical social sciences is that finance articulates the world economy as a global hierarchy of creditor-debtor relations that reproduce and further aggravate existing income and wealth inequalities. Class struggle is correspondingly understood as a conflict between elite creditors, who are members of the global top 1% of wealth holders, and mass debtors, who are burdened by growing costs of servicing public and private…
The Significance of Money Beyond Ingham's Sociology of Money
Understanding money requires that we first grasp what makes money so significant-sovaluable-to us. The article thus examines the sociology outlined by Geoffrey Ingham and criticises its ontology of money as ameasure of valueunderpinned by state authority. By contrast, it argues that money ought to be primarily intended asvalue in itself. Accordingly, money's most specific attribute is none of its canonical functions but rather purchasing power: t…
Rethinking banking. Debt discounting and the making of modern money as liquidity
The article radically challenges the conventional view of modern banking as financial intermediation and rejects the mutually related notion, firmly entrenched in both the mainstream and alternative imaginary, of fractional reserve banking. By contrast, it argues that modern banks are peculiar financiers which, far from banking other people's money, are originally and primarily involved with making money by creating a most fundamental institution…
The Significance of Money Beyond Ingham's Sociology of Money
Understanding money requires that we first grasp what makes money so significant-sovaluable-to us. The article thus examines the sociology outlined by Geoffrey Ingham and criticises its ontology of money as ameasure of valueunderpinned by state authority. By contrast, it argues that money ought to be primarily intended asvalue in itself. Accordingly, money's most specific attribute is none of its canonical functions but rather purchasing power: t…
The art of leverage
There are two main theories of banking which seem to be incompatible by nature. According to the first, banks intermediate money through their credit infrastructure but are not themselves able to create new money. By contrast, the second argues that banks do create money out of nothing in the process of lending their credit. Significantly, despite their contrasts, both theories conceptualize banking in functionalist terms as the financing of othe…
Who owes? Class struggle, inequality and the political economy of leverage in the twenty-first century
The prevalent consensus in critical social sciences is that finance articulates the world economy as a global hierarchy of creditor-debtor relations that reproduce and further aggravate existing income and wealth inequalities. Class struggle is correspondingly understood as a conflict between elite creditors, who are members of the global top 1% of wealth holders, and mass debtors, who are burdened by growing costs of servicing public and private…
Financial Eschatology and the Libidinal Economy of Leverage
Apocalyptic thinking has a long religious and political tradition, but what place does it occupy within the temporal universe of contemporary capitalism? In this essay, we use the figure of the eschaton to draw out the loaded and ambiguous character of the future as it emerges through the condition of indebtedness. This entails a departure from political economy accounts of capitalist futurity, which stress the structural logic of financial specu…
Economics (5 works) · Housing, Finance, and Neoliberalism (5 works) · Debt (4 works) · Economic Theory and Policy (4 works) · Finance (4 works) · Central bank (3 works) · Monetary economics (3 works) · Monetary policy (3 works) · Money creation (3 works) · Political Economy and Marxism (3 works)