Authors
M Vijayabaskar
Publication date
2020/3/1
Journal
Pacific Affairs
Volume
93
Issue
1
Pages
210-213
Publisher
The University of British Columbia-Pacific Affairs
Description
Given the hegemonic role of financialization in shaping the trajectory of contemporary capital accumulation, financial markets and actors shape policy regimes across the world more than ever. Apart from stagnation in the real sectors, and hence employment at the macro-level, financialization also means rising household debt at the micro-level. A few economic anthropologists have" looked up" to illuminate the dynamics of such processes unfolding in spaces of high finance like the Wall Street and stockbroker firms. Several others have critically engaged with the emergent phenomenon of micro-credit in the Global South and dominant assumptions on what it means for the lives of poor borrowers. In this incisive book, Sohini Kar seeks to link processes and events in the world of global and national finance to credit regimes that shape the lives of urban poor on the periphery. Based on rich ethnographic work on …