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Gambling Debt is a game-changing contribution to the discussion of economic crises and neoliberal financial systems and strategies. Iceland’s 2008 financial collapse was the first case in a series of meltdowns, a warning of danger in the global order. This full-scale anthropology of financialization and the economic crisis broadly discusses this momentous bubble and burst and places it in theoretical, anthropological, and global historical context through descriptions of the complex developments leading to it and the larger social and cultural implications and consequences. Chapters from anthropologists, sociologists, historians, economists, and key local participants focus on the neoliberal policies—mainly the privatization of banks and fishery resources—that concentrated wealth among a select few, skewed the distribution of capital in a way that Iceland had never experienced before, and plunged the country into a full-scale economic crisis. Gambling Debt significantly raises the level of understanding and debate on the issues relevant to financial crises, painting a portrait of the meltdown from many points of view—from bankers to schoolchildren, from fishers in coastal villages to the urban poor and immigrants, and from artists to philosophers and other intellectuals. This book is for anyone interested in financial troubles and neoliberal politics as well as students and scholars of anthropology, sociology, economics, philosophy, political science, business, and ethics. Publication supported in part by the National Science Foundation. Contributors: Vilhjálmur Árnason, Ásmundur Ásmundsson, Jón Gunnar Bernburg, James Carrier, Sigurlína Davíðsdóttir, Dimitra Doukas, Níels Einarsson, Einar Mar Guðmundsson, Tinna Grétarsdóttir, Birna Gunnlaugsdóttir, Guðný S. Guðbjörnsdóttir, Pamela Joan Innes, Guðni Th. Jóhannesson, Örn D. Jónsson, Hannes Lárusson, Kristín Loftsdóttir, James Maguire, Már Wolfgang Mixa, Evelyn Pinkerton, Hulda Proppé, James G. Rice, Rögnvaldur J. Sæmundsson, Unnur Dís Skaptadóttir, Margaret Willson

Table of Contents

  1. Cover
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  1. Title Page, Copyright, Epigraphs
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  1. Contents
  2. pp. vii-ix
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  1. Preface
  2. pp. xi-xii
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  1. Introduction: The Banality of Financial Evil
  2. Gisli Palsson, E. Paul Durrenberger
  3. pp. xiii-xxix
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  1. Prologue: Some Poetic Thoughts Concerning Meltdowns
  2. pp. xxxi-xlii
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  1. Before the Beginning
  2. pp. 1-2
  1. 1. Vikings Invade Present-Day Iceland
  2. Kristín Loftsdóttir
  3. pp. 3-14
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  1. 2. Exploiting Icelandic History
  2. Guðni Th. Jóhannesson
  3. pp. 15-22
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  1. 3. Free Market Ideology, Crony Capitalism, and Social Resilience
  2. Örn D. Jónsson
  3. pp. 23-32
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  1. 4. A Day in the Life of an Icelandic Banker
  2. Már Wolfgang Mixa
  3. pp. 33-46
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  1. 5. Something Rotten in the State of Iceland
  2. Vilhjálmur Árnason
  3. pp. 47-60
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  1. After the Crash
  2. pp. 61-62
  1. 6. Overthrowing the Government
  2. Jón Gunnar Bernburg
  3. pp. 63-78
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  1. 7. “Welcome to the Revolution!”
  2. Hulda Proppé
  3. pp. 79-92
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  1. 8. Creativity and Crisis
  2. Tinna Grétarsdóttir, Ásmundur Ásmundsson, Hannes Lárusson
  3. pp. 93-106
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  1. The Magic of “Virtual” Fish
  2. pp. 107-108
  1. 9. Groundtruthing Individual Transferable Quotas
  2. Evelyn Pinkerton
  3. pp. 109-120
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  1. 10. Virtual Fish Stink, Too
  2. James Maguire
  3. pp. 121-136
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  1. 11. The Resilience of Rural Iceland
  2. Margaret Willson
  3. pp. 137-150
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  1. 12. When Fishing Rights Go Up against Human Rights
  2. Níels Einarsson
  3. pp. 151-160
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  1. The Crash and Communities
  2. pp. 161-162
  1. 13. Schools in Two Communities Weather the Crash
  2. Guðný S. Guðbjörnsdóttir, Sigurlína Davíðsdóttir
  3. pp. 163-174
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  1. 14. What Happened to the Migrant Workers?
  2. Unnur Dís Skaptadóttir
  3. pp. 175-186
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  1. 15. Icelandic Language Schools after the Crash
  2. Pamela Joan Innes
  3. pp. 187-200
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  1. 16. Charity in Pre- and Post-Crisis Iceland
  2. James Rice
  3. pp. 201-214
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  1. Summing Up
  2. pp. 215-216
  1. Epilogue: The Neoliberal Con
  2. Dimitra Doukas
  3. pp. 217-226
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  1. Retrospect
  2. pp. 227-234
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  1. References
  2. pp. 235-276
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  1. Index
  2. pp. 277-284
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Additional Information

ISBN
9781607323358
Related ISBN
9781607323341
MARC Record
OCLC
914434947
Pages
312
Launched on MUSE
2015-07-27
Language
English
Open Access
Yes
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