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Gambling Debt is a game-changing contribution to the discussion of economic crises and neoliberal financial systems and strategies. Iceland’s 2008 financial collapse was the first case in a series of meltdowns, a warning of danger in the global order. This full-scale anthropology of financialization and the economic crisis broadly discusses this momentous bubble and burst and places it in theoretical, anthropological, and global historical context through descriptions of the complex developments leading to it and the larger social and cultural implications and consequences.

Chapters from anthropologists, sociologists, historians, economists, and key local participants focus on the neoliberal policies—mainly the privatization of banks and fishery resources—that concentrated wealth among a select few, skewed the distribution of capital in a way that Iceland had never experienced before, and plunged the country into a full-scale economic crisis. Gambling Debt significantly raises the level of understanding and debate on the issues relevant to financial crises, painting a portrait of the meltdown from many points of view—from bankers to schoolchildren, from fishers in coastal villages to the urban poor and immigrants, and from artists to philosophers and other intellectuals.

This book is for anyone interested in financial troubles and neoliberal politics as well as students and scholars of anthropology, sociology, economics, philosophy, political science, business, and ethics.

Publication supported in part by the National Science Foundation.

Contributors: 
Vilhjálmur Árnason, Ásmundur Ásmundsson, Jón Gunnar Bernburg, James Carrier, Sigurlína Davíðsdóttir, Dimitra Doukas, Níels Einarsson, Einar Mar Guðmundsson, Tinna Grétarsdóttir, Birna Gunnlaugsdóttir, Guðný S. Guðbjörnsdóttir, Pamela Joan Innes, Guðni Th. Jóhannesson, Örn D. Jónsson, Hannes Lárusson, Kristín Loftsdóttir, James Maguire, Már Wolfgang Mixa, Evelyn Pinkerton, Hulda Proppé, James G. Rice, Rögnvaldur J. Sæmundsson, Unnur Dís Skaptadóttir, Margaret Willson

The Anthropology of Iceland presents the first perspectives on Icelandic anthropology from both Icelandic and foreign anthropologists. The thirteen essays in this volume are divided into four themes: ideology and action; kinship and gender; culture, class, and ethnicity; and the Commonwealth period of circa 930 to 1220, which saw the flowering of sagas. Insider and outsider viewpoints on such topics as the Icelandic women's movement, the transformation of the fishing industry, the idea of mystical power in modern Iceland, and archaeological research in Iceland merge to form an international, comparative discourse.

Individually and collectively, by bringing the insights of anthropology to bear on Iceland, the native and foreign authors of this volume carry Iceland into the realm of modern anthropology, advancing our understanding of the island's people and the practice of anthropology.

 The Anthropology of Iceland presents the first perspectives on Icelandic anthropology from both Icelandic and foreign anthropologists. The thirteen essays in this volume are divided into four themes: ideology and action; kinship and gender; culture, class, and ethnicity; and the Commonwealth period of circa 930 to 1220, which saw the flowering of sagas. Insider and outsider viewpoints on such topics as the Icelandic women's movement, the transformation of the fishing industry, the idea of mystical power in modern Iceland, and archaeological research in Iceland merge to form an international, comparative discourse.

Individually and collectively, by bringing the insights of anthropology to bear on Iceland, the native and foreign authors of this volume carry Iceland into the realm of modern anthropology, advancing our understanding of the island's people and the practice of anthropology.