Chapter

Debt and the Simulation of Social Class

Teresa A. Sullivan

in A Debtor World

Published in print October 2012 | ISBN: 9780199873722
Published online January 2013 | e-ISBN: 9780199980000 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199873722.003.0002
Debt and the Simulation of Social Class

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This chapter analyzes the social institutions that create an indebted world. It argues that credit and debt have become important, if rarely analyzed, covariates of social stratification. The chapter is organized as follows. It begins by discussing stratification in more detail. Then it turns to the conventional measurement of social class, and discusses how debt and credit might blur or disrupt conventional understanding of social class. Finally, it discusses the potential ramifications of blurry class boundaries for American society and for sociology.

Keywords: social institutions; debt; credit; social stratification; class boundaries; American society

Chapter.  11019 words. 

Subjects: Company and Commercial Law

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