| Description |
1 online resource |
| Series |
Metamorphoses of the political: multidisciplinary approaches |
| Contents |
Cover -- Debt, Trust, and Reputation -- Series -- Title -- Copyright -- Dedication -- Contents -- Tables and Figures -- Acknowledgements -- Abbreviations -- Part I A Tangled Jungle of Disorderly Transactions -- 1 Introduction -- Outline of the book -- A brief note on transliterations and translations -- Notes -- 2 Contract -- Trust, shame, and the reputational credit contract -- Abolishing usury -- The credit contract, contractual law, and capitalist finance in modern India -- The reputational credit contract and liberal contractual law |
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Towards the withdrawal of liberal contractual law from petty finance -- Conclusion -- Notes -- 3 Discretion -- Damdupat and the emergence of the doctrine of unconscionable bargains -- The Usurious Loans Act -- Notes -- 4 Containment -- Improper transactions -- Artisanal credit -- Recovering interest -- The failure of cooperative credit -- The dangers of facile credit -- The decline of 'indigenous' banking and the struggles of 'organized' finance -- Conclusion -- Notes -- Part II Debt in Banaras -- 5 Trust -- Community and alien moneylenders -- Trusting pests and parasites |
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The 'most perfectly organised' model of extra-legal finance -- Trust and the 'future of Indian banking' -- Conclusion -- Notes -- 6 Obligation -- Shooting a lion -- obligation, mercantile decline, and reputational resilience -- Becoming 'old' money -- The resilience of strong social ties beyond hinterland towns -- Conclusion: from sakh to vishvaas -- Notes -- 7 Disappearance -- The moneylenders' vanishing act -- Pristine purity of banking conceptions -- Money lending as scandal -- Conclusion -- Notes -- 8 Reputation -- The production of a monetary outside -- The monetary outside in Banaras |
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Pawn-broking -- Petty money lending -- Displacement, and getting rid of a moneylender -- On the perimeters of the monetary outside -- Artisanal credit in contemporary Banaras -- Amateurization and sophistication -- extra-legal trade credit -- Gossip, trust, and reputation -- Sophisticated moral hazards -- Socio-spatial dimensions of the reputational economy of debt -- Conclusion -- Notes -- 9 Conclusion -- Notes -- Glossary -- References -- Index |
| Summary |
"This book studies the evolution of financial markets operating beyond the reach of the law and without recourse to legal practices, predominantly in an urban north Indian setting centering on the city of Banaras in North India. It straddles the divide between social and economic history and economic anthropology, and is based on archival and ethnographic research conducted between 2011 and 2019. The author emphasizes the role of the Indian state in shaping credit markets and creating the division between a juridically-procedurally defined 'capitalist,' and a reputationally defined extra-legal financial market. Also highlighted is the reactions by market participants to the disappearance of both the legal and the 'traditional' enforcement mechanisms for contractual obligations, and the resulting emergence of a reputational economy dependent almost comprehensively on trust"-- Provided by publisher |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Description based on online resource; title from digital title page (viewed on June 21, 2022) |
| Subject |
Financial services industry -- India, North
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Capital market -- India, North
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Finance -- Government policy -- India, North
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BUSINESS & ECONOMICS / Economic History.
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Capital market
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Finance -- Government policy
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Financial services industry
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North India
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| Form |
Electronic book
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| LC no. |
2021053889 |
| ISBN |
9781009043670 |
|
1009043676 |
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