Credit in Society and in Sociology: On “The Bank and Its Customers” (Bourdieu, Boltanski, Chamboredon, 1963)

In 1963, a young French sociologist, Pierre Bourdieu, together with two assistants—Luc Boltanski and Jean-Claude Chamboredon—conducted the first sociological study of the credit practices of a major French bank, entitled “The Bank and Its Customers”. This article discusses the context, the findings and the legacy of this study. First, the article sketches the landscape of the emerging mass credit market in France in the early 1960s. Then, the paper summarizes and analyses the report itself. We also demonstrate how bank-customer interactions and credit continued to be a subject of interest for Bourdieu throughout his subsequent career. Finally, the paper seeks to contribute to comparative research on the varieties of national configurations of private indebtedness in relation to the level of development of the welfare state.