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"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…mehr

Produktbeschreibung
"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"
Autorenporträt
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.