The Economy of Obligation : The Culture of Credit and Social Relations in Early Modern England
1998 ed.
by
C. Muldrew
Book Details
Format
Hardback or Cased Book
Book Series
Early Modern History: Society and Culture
ISBN-10
0312215657
ISBN-13
9780312215651
Edition
1998 ed.
Publisher
Palgrave USA
Imprint
Palgrave USA
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Nov 11th, 1998
Print length
453 Pages
Weight
750 grams
Dimensions
14.80 x 22.40 x 4.00 cms
Product Classification:
Western Europec 1500 onwards to present dayEconomic history
Ksh 36,350.00
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It is a major argument of the book that money was used only in a limited number of exchanges, and that credit in terms of household reputation, was a 'cultural currency' of trust used to transact most business.
This book is an excellent work of scholarship. It seeks to redefine the early modern English economy by rejecting the concept of capitalism, and instead explores the cultural meaning of credit which resulted from the way in which it was economically structured. It is a major argument of the book that money was used only in a limited number of exchanges, and that credit in terms of household reputation was a "cultural currency" of trust used to transact most business. As the market expanded in the late-sixteenth century such trust became harder to maintain, leading to an explosion of debt litigation, which in turn resulted in social relations being partially redefined in terms of contractual equality.
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