Studies in the Political Economy of Public Policy

The Political Economy of Microfinance

Financializing Poverty

Authors: Mader, Philip

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About this book

According to the author, rather than alleviating poverty, microfinance financialises poverty. By indebting poor people in the Global South, it drives financial expansion and opens new lands of opportunity for the crisis-ridden global capital markets. This book raises fundamental concerns about this widely-celebrated tool for social development.

About the authors

Philip Mader is a research fellow at the Institute for Development Studies, UK. He taught in Basel and studied in Sussex, Cambridge, Cologne, and Harvard. His doctoral thesis, which was written at the Max Planck Institute for the Study of Societies, won the German Thesis Award and the Max Planck Society's Otto Hahn Medal.

Reviews

'Microfinance is financialization dressed up as charity: a pathway for global finance to penetrate the capitalist periphery. In this richly documented book, Mader dispels the myth that debt can move the poor out of poverty. Far from an economics of liberation, microfinance is part of a politics of repression: it extracts more wealth than it creates, and reinforces economic dependence.' - Wolfgang Streeck, Emeritus Professor, Max Planck Institute for the Study of Societies, Germany


Table of contents (6 chapters)

Buy this book

eBook $79.99
price for USA (gross)
  • ISBN 978-1-137-36421-0
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $100.00
price for USA
  • ISBN 978-1-137-36420-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
The Political Economy of Microfinance
Book Subtitle
Financializing Poverty
Authors
Series Title
Studies in the Political Economy of Public Policy
Copyright
2015
Publisher
Palgrave Macmillan UK
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-1-137-36421-0
DOI
10.1057/9781137364210
Hardcover ISBN
978-1-137-36420-3
Edition Number
1
Number of Pages
XII, 284
Topics