To view prices and purchase online, please login or create an account now.



Debt, Trust, and Reputation: Extra-legal Finance in Northern India

Hardback

Main Details

Title Debt, Trust, and Reputation: Extra-legal Finance in Northern India
Authors and Contributors      By (author) Sebastian Schwecke
SeriesMetamorphoses of the Political: Multidisciplinary Approaches
Physical Properties
Format:Hardback
Pages:384
Dimensions(mm): Height 236,Width 158
Category/GenreEconomic history
ISBN/Barcode 9781316517260
ClassificationsDewey:332.0954
Audience
General
Illustrations Worked examples or Exercises

Publishing Details

Publisher Cambridge University Press
Imprint Cambridge University Press
Publication Date 16 June 2022
Publication Country United Kingdom

Description

Starting in the late nineteenth century, colonial rule in India took an active interest in regulating financial markets beyond the bridgeheads of European capital in intercontinental trade. Regulatory efforts were part of a modernizing project seeking to produce alignments between British and Indian business procedures, and to create the financial basis for incipient industrialization in India. For vast sections of Indian society, however, they pushed credit/debt relations into the realm of extra-legality, while the new, regulated agents of finance remained incapable (and unwilling) of serving their needs. Combining historical and ethnographic approaches, the book questions underlying assumptions of modernization in finance that continue to prevail in postcolonial India, and delineates the socioeconomic responses they produced, and studies the reputational economies of debt that have emerged instead - extra-legal markets embedded into communication flows on trust and reputation that have turned out to be significantly more exploitative than their colonial predecessors.

Author Biography

Sebastian Schwecke writes on South Asian history, economy and society, combining a broad spectrum of disciplines. His recent works include the co-edited Rethinking Markets in Modern India: Embedded Exchange and Contested Jurisdiction (Cambridge University Press, 2020). He is founding director of the Max Weber Forum for South Asian Studies, Delhi.