Debt and the Future of Workers

While focus on the effects of inequality on household indebtedness is widespread, few economists have recognized the pernicious effects of household debt on inequality. Giorgos Gouzoulis develops this connection thoroughly. In the process, he fills a vitally important gap, connecting finance to working households’ disempowerment, lagging wages, and growing insecurity”, Mark Setterfield, Leo Model Professor of Economics, The New School For Social Research.“A powerful and timely study showing how debt and financialization reshape work and weaken labour. Gouzoulis also shows how collective power can be rebuilt”, Costas Lapavitsas, University of London.“A fascinating book showing how financialized capitalism has been used to discipline labour and reinforce inequality. The solution has to come from wealth redistribution. A must-read”, Thomas Piketty, PSE Chaired Professor of Economics at the Paris School of Economics.

Giorgos Gouzoulis (PhD) is an Associate Professor at the School of Business & Management at Queen Mary, University of London.