This is a preface to three essays on different aspects of ontological and economic debt as themes in religious ethics. It frames their contribution by arguing that debt is central to traditions of philosophical and religious ethics yet is woefully neglected as a thematic problem and problematic in contemporary iterations of these traditions. In order to situate debt as a central moral concern, it is argued that any consideration of debt must wrestle with how debt exists on two axes. One (...) is the axis of ontological and economic debt. The other is the axis of debt as an expression of mutuality and debt as a mode of domination. These axes generate deep ambiguities regarding the moral status of debt. But contemporary religious and philosophical ethics struggles to articulate, let alone address, this ambiguity due to being wedded to modern conceptions of the autonomous subject. The essay closes by setting out the themes of the three essays, the connections between them, and how they can be a catalyst for further reflection on this vital but under‐researched topic. (shrink)

This essay examines the concept of sovereign debt in both political‐economic and theological registers. Elaborating the dynamics of monetary economy, I demonstrate how postures of indebtedness characterize the relationship between sovereign power and the governed. While taxation signals the debt of obedience and fealty owed to sovereignty, the monetary circuit reveals that sovereign power exists in a state of indebtedness to the governed. The morally valenced proximity between debt and guilt helps to perpetuate such relations. Tracing these resonances and resemblances (...) in the theological realm, I consider the centrality of debt as a structuring principle in key soteriological traditions within Christian thought. Not only does God appear to uphold debt logic, but God, I claim, becomes identified with debt and marked as a debtor. The divine sovereign as debtor and as enforcing debt provides cues for earthly sovereigns and legitimates cultures of debt. In light of the theopolitical legacy in the West, the mutual influence between theology and the political realm, refiguring this set of influential theological concepts may prove helpful in decentering debt as a governing principle in modern life. (shrink)