The Debt of the Living

Ascesis and Capitalism

By Elettra Stimilli | Publisher: State University of New York Press

About the book

Max Weber's account of the rise of capitalism focused on his concept of a Protestant ethic, valuing diligence in earning and saving money but restraint in spending it. However, such individual restraint is foreign to contemporary understandings of finance, which treat ever-increasing consumption and debt as natural, almost essential, for maintaining the economic cycle of buying and selling.

In The Debt of the Living, Elettra Stimilli returns to this idea of restraint as ascesis, by analyzing theological and philosophical understandings of debt drawn from a range of figures, including Saint Paul, Schmitt and Agamben, Benjamin and Marx, Nietzsche and Freud, and Foucault. Central to this analysis is the logic of \"profit for profit's sake\"—an aspect of Weber's work that Stimilli believes has been given insufficient attention. Following Foucault, she identifies this as the original mechanism of a capitalist dispositif that feeds not on a goal-directed rationality, but on the self-determining character of human agency. Ascesis is fundamental not because it is characterized by renunciation, but because the self-discipline it imposes converts the properly human quality of action without a predetermined goal into a lack, a fault, or a state of guilt: a debt that cannot be settled. Stimilli argues that this lack, which is impossible to fill, should be seen as the basis of the economy of hedonism and consumption that has governed global economies in recent years and as the premise of the current economy of debt.

Editions of The Debt of the Living

Hardcover
ISBN 9781438464152
Paperback
ISBN 9781438464145
PDF
ISBN 9781438464169

Read an Excerpt

Max Weber's account of the rise of capitalism focused on his concept of a Protestant ethic, valuing diligence in earning and saving money but restraint in spending it. However, such individual restraint is foreign to contemporary understandings of finance, which treat ever-increasing consumption and debt as natural, almost essential, for maintaining the economic cycle of buying and selling.

In The Debt of the Living, Elettra Stimilli returns to this idea of restraint as ascesis, by analyzing theological and philosophical understandings of debt drawn from a range of figures, including Saint Paul, Schmitt and Agamben, Benjamin and Marx, Nietzsche and Freud, and Foucault. Central to this analysis is the logic of \"profit for profit's sake\"—an aspect of Weber's work that Stimilli believes has been given insufficient attention. Following Foucault, she identifies this as the original mechanism of a capitalist dispositif that feeds not on a goal-directed rationality, but on the self-determining character of human agency. Ascesis is fundamental not because it is characterized by renunciation, but because the self-discipline it imposes converts the properly human quality of action without a predetermined goal into a lack, a fault, or a state of guilt: a debt that cannot be settled. Stimilli argues that this lack, which is impossible to fill, should be seen as the basis of the economy of hedonism and consumption that has governed global economies in recent years and as the premise of the current economy of debt.

Frequently Asked Questions

What is The Debt of the Living about?

Max Weber's account of the rise of capitalism focused on his concept of a Protestant ethic, valuing diligence in earning and saving money but restraint in spending it. However, such individual restraint is foreign to contemporary understandings of finance, which treat ever-increasing consumption and debt as natural, almost essential, for maintaining the economic cycle of buying and selling.

In The Debt of the Living, Elettra Stimilli returns to this idea of restraint as ascesis, by analyzing theological and philosophical understandings of debt drawn from a range of figures, including Saint Paul, Schmitt and Agamben, Benjamin and Marx, Nietzsche and Freud, and Foucault. Central to this analysis is the logic of \"profit for profit's sake\"—an aspect of Weber's work that Stimilli believes has been given insufficient attention. Following Foucault, she identifies this as the original mechanism of a capitalist dispositif that feeds not on a goal-directed rationality, but on the self-determining character of human agency. Ascesis is fundamental not because it is characterized by renunciation, but because the self-discipline it imposes converts the properly human quality of action without a predetermined goal into a lack, a fault, or a state of guilt: a debt that cannot be settled. Stimilli argues that this lack, which is impossible to fill, should be seen as the basis of the economy of hedonism and consumption that has governed global economies in recent years and as the premise of the current economy of debt.

What core themes, tropes, or subjects are explored in The Debt of the Living?

Philosophy and Religion > Philosophy > Topics in philosophy > Social and political philosophy

Where can I read a sample of The Debt of the Living?

You can read an official preview of the few pages here https://www.book2look.com/book/9781438464152

How long is The Debt of the Living and how many pages does it have?

The Debt of the Living has 216 page(s)

Is The Debt of the Living part of a series, and can it be read as a standalone?

Yes it is a part of series SUNY series in Contemporary Italian Philosophy

Who is/are the Author/s of the book The Debt of the Living?

Elettra Stimilli

Who is the Publisher of the book The Debt of the Living?

State University of New York Press

What are the ISBN numbers for the physical and digital editions?

The Debt of the Living is available as hardcover(ISBN 9781438464152) and paperback(ISBN 9781438464145) and pdf(ISBN 9781438464169)

Where can I buy The Debt of the Living online or support local independent bookshops?

You can buy The Debt of the Living from below

Where can I buy The Debt of the Living?