Lomfeld Lab

Free University of Berlin

Berlin (DE3) · Germany

ERC-funded
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ERC Starting Grant · 2020

A GLOBAL THEORY OF REFLEXIVE DEBT (DELIBERATION)

Modern capitalism is essentially built on the institution of debt. The unlimited conception of debt reinforces an infinite growth logic and drives economic, political, cultural and ecological unsustainability. A crucial research question is how to constitute debt as more sustainable socio-economic medium. The RESOLVENCY project aims to shape a new (socially) reflexive debt paradigm by rethinking insolvency law as reflexive (democratic) debt deliberation. The project intends to set up a global theory of debt deliberation (for firms, consumers and states), which outlines a new RESOLVENCY paradigm for insolvency law reintegrating over-burdened debtors into the economic system (making them…

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