The author argues that the credit system may improve distributive justice, but only indirectly, via job creation and government spending. The reason for this is that cheap credit on commercial terms is only available to people in the upper half of the wealth distribution. By contrast, the forms of credit available more widely are too expensive to make taking out credit a realistic option to escape poverty for most. However, credit can improve distributive justice indirectly, if entrepreneurs and corporations borrow for purposes that create jobs, or states spend borrowed funds on programs that address poverty or inequality. For these reasons, the author suggests that improving access to credit is less important from the perspective of distributive justice than how the credit system interacts with the tax system and labor laws.
Interviewer: Lisa Warenski (CUNY Graduate Center and University of Connecticut)
We are pleased to announce the launch of a new and thought-provoking interview series: “In Conversation: Exploring the Philosophy of Money and Finance”. The series kicks off with a selection of esteemed contributors to the recently published book, The Philosophy of Money and Finance (OUP, 2024).
Each interview will be followed by a live debate, encouraging active audience participation. The sessions (interview plus debate) will be 30 minutes long.
chair: Emiliano Ippoliti (Sapienza University of Rome)
organization: Emiliano Ippoliti (Sapienza University of Rome); Joakim Sandberg (University of Gothenburg); Lisa Warenski (CUNY Graduate Center and University of Connecticut)
info: phinancenet@gmail.com; lwarenski@gc.cuny.edu ; emiliano.ippoliti@uniroma1.it
For a decade, 1993-2003, Jacques Derrida taught at New York University as Global Distinguished Professor. During those years he gave seminars on important topics of his later work: testimony, hospitality and hostility, perjury and pardon, and the death penalty, Shakespeare’s calculative grid and racism. They represent for many the most sustained and considered engagement by deconstruction with political questions. Most of these seminars have now been posthumously published, both in French and in English translation. Commemorating the twentieth anniversary of Derrida’s death in 2004, the Departments of Comparative Literature teams up with the Maison Française and Department of German, which hosted Derrida when he came to NYU. On 21 November 2024 the Maison in conjunction with the two departments invites scholars of Derrida’s work to speak at a one-day conference devoted to the topics of Derrida’s New York teaching.
Full schedule coming soon!