IDEAS home Printed from https://ideas.repec.org/a/bus/jphile/v13y2020i2n4.html
   My bibliography  Save this article

Nietzsche, Deleuze and Guattari: performative constitution of unpayable debt in finance capitalism

Author

Listed:
  • Christina BANALOPOULOU

    (Independent researcher)

Abstract

Drawing upon the philosophies of Friedrich Nietzsche and Gilles Deleuze and Félix Guattari this essay puts forth the argument that in finance capitalism debt resolution performs as an elusive promise and an appearance that re-constitutes unpayable debt. A close elaboration on Nietzsche’s conceptual cartographies of the relation between the flows of Apollo and Dionysus and on the contextualization of this relation within capitalist frames that, as this essay demonstrates, Deleuze and Guattari explore in both Anti-Oedipus and A Thousand Plateaus contributes to the argument that in finance capitalism unpayable debt is performatively constituted through illusions of debt resolution. To date little work offers a performative approach of Deleuze and Guattari’s conceptualization of the differential relation between the two flows of capital that constitute unpayable debt, including the ties between these flows and Nietzsche’s grasp of the differential relation between Apollo and Dionysus. As a result the performative strategies that constitute, justify, and reproduce unpayable debt in finance capitalism remain relatively unexplored. This essay draws upon the works of Nietzsche and Deleuze and Guattari and adds a performative methodology on the ongoing discussions on debt in order to address the practices that infinitize debt under the gaze of financial capital.

Suggested Citation

  • Christina BANALOPOULOU, 2020. "Nietzsche, Deleuze and Guattari: performative constitution of unpayable debt in finance capitalism," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 13(2), pages 91-115, November.
    • Handle: RePEc:bus:jphile:v:13:y:2020:i:2:n:4
    as

    Download full text from publisher

    File URL: https://jpe.ro/pdf.php?id=8938
    Download Restriction: no
    File URL: https://jpe.ro/?id=revista&p=504
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Donald Mackenzie & Fabian Muniesa & Lucia Siu, 2007. "Do Economists Make Markets? On the Performativity of Economics," Post-Print halshs-00149145, HAL.
    2. Stavros A. DRAKOPOULOS, 2016. "Economic crisis, economic methodology and the scientific ideal of physics," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 10(1), pages 28-57, November.
    3. Mariusz Maziarz, 2019. "The unrealistic realist philosophy. The ontology of econometrics revisited," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 13(1), pages 39-64, November.
    4. Barthold, Charles & Dunne, Stephen & Harvie, David, 2018. "Resisting financialisation with Deleuze and Guattari: The case of Occupy Wall Street," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 52(C), pages 4-16.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lilian Muchimba & Alexis Stenfors, 2021. "Beyond LIBOR: Money Markets and the Illusion of Representativeness," Journal of Economic Issues, Taylor & Francis Journals, vol. 55(2), pages 565-573, April.
    2. Dean Neu & Gregory D. Saxton & Abu S. Rahaman, 2022. "Social Accountability, Ethics, and the Occupy Wall Street Protests," Journal of Business Ethics, Springer, vol. 180(1), pages 17-31, September.
    3. Leigh Johnson, 2013. "Index Insurance and the Articulation of Risk-Bearing Subjects," Environment and Planning A, , vol. 45(11), pages 2663-2681, November.
    4. Monia Niero & Charlotte L. Jensen & Chiara Farné Fratini & Jens Dorland & Michael S. Jørgensen & Susse Georg, 2021. "Is life cycle assessment enough to address unintended side effects from Circular Economy initiatives?," Journal of Industrial Ecology, Yale University, vol. 25(5), pages 1111-1120, October.
    5. Saurabh Arora & Naomi Baan Hofman & Vinod Koshti & Tommaso Ciarli, 2013. "Cultivating Compliance: Governance of North Indian Organic Basmati Smallholders in a Global Value Chain," Environment and Planning A, , vol. 45(8), pages 1912-1928, August.
    6. Leon Wansleben, 2013. "Dreaming with BRICs," Journal of Cultural Economy, Taylor & Francis Journals, vol. 6(4), pages 453-471, November.
    7. Loconto, Allison & Rajão, Raoni, 2020. "Governing by models: Exploring the technopolitics of the (in)visilibities of land," Land Use Policy, Elsevier, vol. 96(C).
    8. Peter Miller, 2008. "Calculating Economic Life," Journal of Cultural Economy, Taylor & Francis Journals, vol. 1(1), pages 51-64, March.
    9. Aleksandra Kuzior & Aleksy Kwilinski & Ihor Hroznyi, 2021. "The Factorial-Reflexive Approach to Diagnosing the Executors’ and Contractors’ Attitude to Achieving the Objectives by Energy Supplying Companies," Energies, MDPI, vol. 14(9), pages 1-16, April.
    10. Dawn Thilmany & Lilian Brislen & Hailey Edmondson & Mackenzie Gill & Becca B. R. Jablonski & Jairus Rossi & Tim Woods & Samantha Schaffstall, 2021. "Novel methods for an interesting time: Exploring U.S. local food systems’ impacts and initiatives to respond to COVID," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 65(4), pages 848-877, October.
    11. François-Xavier de Vaujany & Sabine Carton & Carine Dominguez-Perry & Emmanuelle Vaast, 2012. "Performativity and Information Technologies: An inter-organizational perspective," Post-Print halshs-00851315, HAL.
    12. Mélodie Cartel & Franck Aggeri, 2013. "Exploring low carbon futures," Post-Print hal-01117309, HAL.
    13. Pierpaolo Andriani & Carsten Herrmann-Pillath, 2015. "Transactional innovation as performative action: transforming comparative advantage in the global coffee business," Journal of Evolutionary Economics, Springer, vol. 25(2), pages 371-400, April.
    14. Hervé Dumez, 2010. "Le Libellio d'Aegis," Post-Print hal-00546720, HAL.
    15. Horacio Ortiz, 2012. "Anthropology – of the Financial Crisis," Chapters, in: James G. Carrier (ed.), A Handbook of Economic Anthropology, Second Edition, chapter 35, Edward Elgar Publishing.
    16. Loconto, Allison & Desquilbet, Marion & Moreau, Théo & Couvet, Denis & Dorin, Bruno, 2020. "The land sparing – land sharing controversy: Tracing the politics of knowledge," Land Use Policy, Elsevier, vol. 96(C).
    17. Franck Cochoy & Martin Giraudeau & Liz McFall, 2010. "Performativity, Economics And Politics," Journal of Cultural Economy, Taylor & Francis Journals, vol. 3(2), pages 139-146, July.
    18. Zhang, Ying & Andrew, Jane, 2022. "Financialisation and the Conceptual Framework: An update," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 88(C).
    19. Heidi Østbø Haugen, 2018. "The unmaking of a commodity: Intermediation and the entanglement of power cables in Nigeria," Environment and Planning A, , vol. 50(6), pages 1295-1313, September.
    20. Tiago Cardão-Pito, 2021. "Academic discipline of economics as hedonist philosophy," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 14(1-2), pages 199-207, November.

    More about this item

    Keywords

    debt performativity; debt politics; Apollo; Dionysus; realism;
    All these keywords.

    JEL classification:

    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bus:jphile:v:13:y:2020:i:2:n:4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Valentin Cojanu (email available below). General contact details of provider: https://edirc.repec.org/data/aseeero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.