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Citation |
Hsu BY. Br. J. Sociol. 2014; 65(2): 245-265. |
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Copyright |
(Copyright © 2014, London School of Economics and Political Science, Publisher John Wiley and Sons) |
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DOI |
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PMID |
unavailable |
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Abstract |
Academic and political discussions about micro-finance have been found lacking in predictive power, because they are based on orthodox economic theory, which does not properly comprehend the social components of credit. I take a better approach, utilizing credit theory ? specifically, Ingham's explication of how the nature of money as credit leads to social inequality. I also expound the perspective that morality is not separate from considerations borrowers make in micro-finance programmes on the micro level. I draw upon illustrations from my fieldwork in rural China, where a group-lending micro-finance programme was administered as part of a larger government-initiated effort across the country. |
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Keywords |
China; inequality; micro-credit; Micro-finance; money; sanction |