I owe you a dinner invitation, you owe ten years on your mortgage, and the government owes billions. We speak confidently about these cases of debt, but is that concept clear in its meaning? This book aims to clarify the concept of debt so we can find better answers to important moral and political questions. This book seeks to accomplish two things. The first is to clarify the concept of debt by examining how the word is used in language. The second is to develop a general, principled account of how debts generate genuine obligations. This allows us to avoid settling each case by a bare appeal to moral intuitions, which is what we seem to currently do. It requires a close examination of many institutions, e.g. money, contract law, profit-driven finance, government fiscal operations, and central banking. To properly understand the moral and political nature of debt, we must understand how these institutions have worked, how they do work, and how they might be made to work. There have been many excellent anthropological and sociological studies of debt and its related institutions. Philosophy can contribute to the emerging discussion and help us to keep our language precise and to identify the implicit principles contained in our intuitions.
Alexander X. Douglas offers a new understanding of Spinoza's philosophy by situating it in its immediate historical context. He defends a thesis about Spinoza's philosophical motivations and then bases an interpretation of his major works upon it. The thesis is that much of Spinoza's philosophy was conceived with the express purpose of rebutting a claim about the limitations of philosophy made by some of his contemporaries. They held that philosophy is intrinsically incapable of revealing anything of any relevance to theology, or in fact to any study of direct practical relevance to human life. Spinoza did not. He believed that philosophy reveals the true nature of God, and that God is nothing like what the majority of theologians, or indeed of religious believers in general, think he is. The practical implications of this change in the concept of God were profound and radical. As Douglas shows, many of Spinoza's theories were directed towards showing how the separation his opponents endeavoured to maintain between philosophical and non-philosophical (particularly theological) thought was logically untenable.
Situates Spinoza's philosophy in its immediate historical context and argues that much of it was conceived with the purpose of rebutting a claim about the limitations of philosophy made by some of his contemporaries.
I owe you a dinner invitation, you owe ten years on your mortgage, and the government owes billions. We speak confidently about these cases of debt, but is that concept clear in its meaning? This book aims to clarify the concept of debt so we can find better answers to important moral and political questions. This book seeks to accomplish two things. The first is to clarify the concept of debt by examining how the word is used in language. The second is to develop a general, principled account of how debts generate genuine obligations. This allows us to avoid settling each case by a bare appeal to moral intuitions, which is what we seem to currently do. It requires a close examination of many institutions, e.g. money, contract law, profit-driven finance, government fiscal operations, and central banking. To properly understand the moral and political nature of debt, we must understand how these institutions have worked, how they do work, and how they might be made to work. There have been many excellent anthropological and sociological studies of debt and its related institutions. Philosophy can contribute to the emerging discussion and help us to keep our language precise and to identify the implicit principles contained in our intuitions.
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