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Dr Johnna Montgomerie

Staff details

PositionLecturer in Economics
Email j.montgomerie (@gold.ac.uk)
Phone+44 (0)20 TBC
Dr Johnna Montgomerie

I joined Goldsmiths in October 2013 as part of the new Politics, Philosophy and Economics Degree programme. Before that I was at Centre for Research on Socio-Cultural Change (CRESC) at the University of Manchester, from 2007-2013. I completed by DPhil (International Relations), PG Diploma (Social Research Methods) and MA (Global Political Economy) at the University of Sussex, from 2002-2006. I received my BA (Honours) in Political Science from Simon Fraser University, Vancouver, Canada.

My research interests are in all forms of household debt (mortgage, student loans, consumer credit, payday lending) and its relationship to Anglo-American financialisation, especially in the context of never-ending crisis and the new Age of Austerity. I am also interested in exploring innovative methods for exploring the political economy of everyday life.

I am interested in supervising students interested in areas of financialisation, households, debt/indebtedness, retail banking, especially in countries of the Anglosphere but not exclusively, or those wanted to explore methodological creativeness in political economy.

Research Interests

I investigate households as part of the on-going crises of financialization and Anglo-American growth model. I combine a theoretical focus on the everyday political economy of finance with innovative forms of empirical analysis to evaluate key trends such as income and benefits, savings and investment, and debt. This includes an intersectional approach to households that differentiates based on gender, race, low- and middle-income, waged and self-employed, senior citizens and young adults. I am particularly interested in exploring the important differences between households alongside their relevant commonalities, namely: how rapid escalations in household debt levels with declining savings rates, which when considered alongside volatile stock markets and fluctuating property prices, indicates the extent of financial insecurity affecting a large cross-section of households.

Another research stream investigates the policy reform debate in the aftermath of the 2007 financial crisis to the present day. What makes this research unique is that it directly engages with civil society groups and trade unions seeking to bring about change. At a general level, this research is interested in evaluating the non-elite articulations of the need for socio-cultural change away from financialisation. For example how civil society groups and Trade Unions envision systemic transformation, in particular as it relates to financial markets. My particular focus is on how these organisations conceptualise and articulate the problems of indebtedness and their efforts to reform or resist credit relations between lenders and borrowers. Especially, the perceived successes and/or failures to bring about substantive reform or radical socio-cultural change since the financial crisis began in 2007.

Finally, my emerging research stream involves the development of novel methods in creative political economy. Drawing on my interdisciplinary experience researching socio-cultural change this research seeks to move away from seeing methods as simple tools for examination and analyses how methods shape and are affected by economic, social and cultural change across time and space. What makes this research relevant is the lack of sustained debate or discussion about methods and how they shape research in political economy. My own efforts are to develop a ‘corroborative’ methods approach—or, using independent empirical sources/methodological tools to find outcomes that support a general conclusion.

Publications

Book

Financial Melancholia: Mental Health and Indebtedness
Davies, Will; Montgomerie, Johnna and Wallin, Sara. 2015. Financial Melancholia: Mental Health and Indebtedness. London: Political Economy Research Centre.

Edited Book

Forging Economic Discovery in 21st Century Britain
Montgomerie, Johnna, ed. 2015. Forging Economic Discovery in 21st Century Britain. London: Political Economy Research Centre.

Book Section

Neoliberalism and the making of the subprime borrower
Montgomerie, Johnna. 2010. Neoliberalism and the making of the subprime borrower. In: Martijn Konings, ed. The Great Credit Crash. Verso, pp. 103-118. ISBN 978-1844674312

The Logic of Neoliberalism and the Political Economy of Consumer debt-led Growth
Montgomerie, Johnna. 2007. The Logic of Neoliberalism and the Political Economy of Consumer debt-led Growth. In: Simon Lee and Stephen McBride, eds. Neo-Liberalism, State Power and Global Governance. Springer, pp. 157-172. ISBN 978-1402062193

The Alchemy of Banks: the credit card industry after deregulation
Montgomerie, Johnna. 2006. The Alchemy of Banks: the credit card industry after deregulation. In: Duncan Wigan; Libby Assassi and Anastasia Nesvetailova, eds. Global Finance in the New Century: Beyond Deregulation. London: Palgrave. ISBN 978-0230006874

Article

Caring for Debts: How the Household Economy Exposes the Limits of Financialisation
Montgomerie, Johnna. 2016. Caring for Debts: How the Household Economy Exposes the Limits of Financialisation. Critical Sociology, ISSN 0896-9205

A Feminist Moral-Political Economy of Uneven Reform in Austerity Britain: Fostering Financial and Parental Literacy
Montgomerie, Johnna and Tepe-Belfrage, Daniela. 2016. A Feminist Moral-Political Economy of Uneven Reform in Austerity Britain: Fostering Financial and Parental Literacy. Globalizations, ISSN 1474-7731

Digital Debt Management: The Everyday Life of Austerity
Stanley, Liam; Deville, Joe and Montgomerie, Johnna. 2016. Digital Debt Management: The Everyday Life of Austerity. New Formations(87), pp. 64-82. ISSN 0950-2378

Round the Houses: homeownership and failures of asset-based welfare in the United Kingdom
Montgomerie, Johnna and Büdenbender, Mirjam. 2014. Round the Houses: homeownership and failures of asset-based welfare in the United Kingdom. New Political Economy, 20(3), pp. 386-405. ISSN 1356-3467

America's Debt Safety-Net
Montgomerie, Johnna. 2013. America's Debt Safety-Net. Public Administration, ISSN 0033-3298

Owning the consumer: getting to the core of the Apple Business Model
Montgomerie, Johnna and Roscoe, Samuel. 2013. Owning the consumer: getting to the core of the Apple Business Model. Accounting Forum, 37(4), pp. 290-299. ISSN 0155-9982

An important failure: knowledge limits and the financial crisis
Bryan, Dick; Martin, Randy; Montgomerie, Johnna and Williams, Karel. 2012. An important failure: knowledge limits and the financial crisis. Economy and Society, 41(3), pp. 299-315. ISSN 0308-5147

An important failure: knowledge limits and the financial crisis
Bryan, Dick; Martin, Randy; Montgomerie, Johnna and Williams, Karel. 2012. An important failure: knowledge limits and the financial crisis. Economy and Society, 41(3), pp. 299-315. ISSN 0308-5147

Escpaing the Tyranny of Earned Income? The Failure of Finance as Social Innovation
Froud, Julie; Johal, Sukhdev; Montgomerie, Johnna and Williams, Karel. 2010. Escpaing the Tyranny of Earned Income? The Failure of Finance as Social Innovation. New Political Economy, 15(1), pp. 147-164. ISSN 1356-3467

“Financialized Capitalism: After the Crisis and Beyond Neoliberalism”
Montgomerie, Johnna and Williams, Karel. 2009. “Financialized Capitalism: After the Crisis and Beyond Neoliberalism”. Competition and Change, 13(2), pp. 99-107. ISSN 1024-5294

The Pursuit of (Past) Happiness? Middle-class Indebtedness and American Financialisation
Montgomerie, Johnna. 2009. The Pursuit of (Past) Happiness? Middle-class Indebtedness and American Financialisation. New Political Economy, 14(1), pp. 1-24. ISSN 1356-3467

A Bailout for working families?
Montgomerie, Johnna. 2009. A Bailout for working families? RENEWAL - Journal of Social Democracy, 17(3), pp. 22-32. ISSN 0968-252X

Bridging the critical divide: global finance, financialisation and contemporary capitalism
Montgomerie, Johnna. 2008. Bridging the critical divide: global finance, financialisation and contemporary capitalism. Contemporary Politics, 14(3), pp. 233-252. ISSN 1356-9775

Financialization of the American Credit Card Industry
Montgomerie, Johnna. 2006. Financialization of the American Credit Card Industry. Competition and Change, 10(3), pp. 301-319. ISSN 1024-5294

Giving Credit where it's Due: Public Policy and Household Debt in the United States, the United Kingdom and Canada
Montgomerie, Johnna. 2006. Giving Credit where it's Due: Public Policy and Household Debt in the United States, the United Kingdom and Canada. Policy and Society, 25(3), pp. 109-142. ISSN 1449-4035

Report

Private Equity’s Impact on the Economy and the Labour Market
Montgomerie, Johnna. 2008. Private Equity’s Impact on the Economy and the Labour Market. Working Paper. Anglo-German Foundation for the Study of Industrial Society, Dusseldorf and London.

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