03768nam a22002537a 4500 20230411134225.0 230411b |||||||| |||| 00| 0 eng d 9781316517260 : Savera Book Distributors : 4754 Akarshan Bhawan, 23 Ansari Road, Darya Ganj, New Delhi. : 22-23/CRB/760 : 21/03/2023 332.0954 SCH Schwecke, Sebastian. DEBT, TRUST AND REPUTATION : extra-legal finance in northern india. / Sebastian Schwecke. , Cambridge, United Kingdom : Cambridge University Press , 2022. xii,372p. :24cm. 1195 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 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 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 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 "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" Capital market Finance Government policy Financial services industry Economic History Sebastian Schwecke. BOOK 60154 60154 0 0 ddc 0 1 SNUL SNUL 2023-04-11 Savera Book Distributors 1195.00 0 332.0954 SCH 29222 2023-04-11 00:00:00 2023-04-11 BOOK