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The Sociology of Greed examines crises in financial institutions
such as banks from the vantage point of the greed of the people at
their helm. It offers an intensive analysis of the banking crises
under the conditions of colonial capitalism in early
twentieth-century Bengal that led to institutional and social
collapse. Breaking new ground, the book looks at the moral economy
of capitalism and money culture by focusing on the victims of
banking crises, hitherto unexplored in Western empirical research.
Through sociological analyses of political economy, it seamlessly
combines archival records, survey and statistical data with
literary narratives, realist fiction and performing arts to recount
how the greed of bank owners and managers ruined their institutions
as well as common people. It argues that greed turns perilous when
the state and the market facilitate its agency, and it examines the
contexts and histories, the indifference of the fledgling colonial
state, feeble political response, and the consequences for those
who were impacted and the losses, especially the refugees, the
lower-middle class and women. The volume also re-composes relevant
elements of Western sociological scholarship from classical
theories to early twenty-first-century financial sociology. An
insightful account of the social history of banking in India, this
book will greatly interest researchers and scholars in sociology,
economics, history and cultural studies.
The Sociology of Greed examines crises in financial institutions
such as banks from the vantage point of the greed of the people at
their helm. It offers an intensive analysis of the banking crises
under the conditions of colonial capitalism in early
twentieth-century Bengal that led to institutional and social
collapse. Breaking new ground, the book looks at the moral economy
of capitalism and money culture by focusing on the victims of
banking crises, hitherto unexplored in Western empirical research.
Through sociological analyses of political economy, it seamlessly
combines archival records, survey and statistical data with
literary narratives, realist fiction and performing arts to recount
how the greed of bank owners and managers ruined their institutions
as well as common people. It argues that greed turns perilous when
the state and the market facilitate its agency, and it examines the
contexts and histories, the indifference of the fledgling colonial
state, feeble political response, and the consequences for those
who were impacted and the losses, especially the refugees, the
lower-middle class and women. The volume also re-composes relevant
elements of Western sociological scholarship from classical
theories to early twenty-first-century financial sociology. An
insightful account of the social history of banking in India, this
book will greatly interest researchers and scholars in sociology,
economics, history and cultural studies.
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