Book contents
- Rethinking Markets in Modern India
- Rethinking Markets in Modern India
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- 1 Markets in Modern India: Embedded, Contested, Pliable
- 2 Banking in the Bazaar: The Nattukottai Chettiars
- 3 Space in Motion: An Uneven Narrative of Urban Private Property in Bombay
- 4 Magic of Business: Occult Forces in the Bazaar Economy
- 5 Vernacular Capitalism, Advertising, and the Bazaar in Early Twentieth-Century Western India
- 6 The Artifice of Trust: Reputational and Procedural Registers of Trust in North Indian “Informal” Finance
- 7 Mandi Acts and Market Lore: Regulatory Life in India’s Agricultural Markets
- 8 The Market and the Sovereign: Politics, Performance, and Impasses of Cross-LOC Trade
- 9 Brandism vs. Bazaarism: Mediating Divinity in Banaras
- 10 Black Money in India: Fighting Specters and Fostering Relations
- 11 Market Making in Punjab Lotteries: Regulation and Mutual Dependence
- 12 Liquid Assets: Transactional Grammars of Alcohol in Jharkhand
- 13 Building on Sand? Criminal Markets and Politics in Tamil Nadu
- Index
- References
1 - Markets in Modern India: Embedded, Contested, Pliable
Published online by Cambridge University Press: 24 September 2020
Book contents
- Rethinking Markets in Modern India
- Rethinking Markets in Modern India
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- 1 Markets in Modern India: Embedded, Contested, Pliable
- 2 Banking in the Bazaar: The Nattukottai Chettiars
- 3 Space in Motion: An Uneven Narrative of Urban Private Property in Bombay
- 4 Magic of Business: Occult Forces in the Bazaar Economy
- 5 Vernacular Capitalism, Advertising, and the Bazaar in Early Twentieth-Century Western India
- 6 The Artifice of Trust: Reputational and Procedural Registers of Trust in North Indian “Informal” Finance
- 7 Mandi Acts and Market Lore: Regulatory Life in India’s Agricultural Markets
- 8 The Market and the Sovereign: Politics, Performance, and Impasses of Cross-LOC Trade
- 9 Brandism vs. Bazaarism: Mediating Divinity in Banaras
- 10 Black Money in India: Fighting Specters and Fostering Relations
- 11 Market Making in Punjab Lotteries: Regulation and Mutual Dependence
- 12 Liquid Assets: Transactional Grammars of Alcohol in Jharkhand
- 13 Building on Sand? Criminal Markets and Politics in Tamil Nadu
- Index
- References
Summary
“From the outside, the market in India is often seen as an exchange arena bound by state-imposed rules. Those within - buyers and sellers, producers and consumers, brokers and advertisers, financiers and debtors, police and inspectors - understand it differently. Such parties collude and compete in myriad everyday activities. These include those of accumulation and circulation, of production and speculation, and of arbitrage and management.
Involved actors, in short, experience the Indian market dissimilarly from the ways in which many planners and policymakers comprehend it. This market is best understood as an ensemble of practices and institutions. It has active and reactive patterns of economic and sociocultural practices, flexible adjustment and coping mechanisms, unforeseen contingencies and aberrations, and strategies of ambiguity and transgression. Transactional agents navigate gray areas and tacit understandings. They reproduce durable informal relations and customary practices. These dynamics only partially relate to state-led market-framing processes.”
- Type
- Chapter
- Information
- Rethinking Markets in Modern IndiaEmbedded Exchange and Contested Jurisdiction, pp. 1 - 28Publisher: Cambridge University PressPrint publication year: 2020
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