📗 Libro en inglés THE ECONOMY OF OBLIGATION: THE CULTURE OF CREDIT AND SOCIAL RELAT IONS IN EARLY MODERN ENGLAND

This text seeks to redefine the early modern English economy by rejecting the concept of capitalism, and instead explores the cultural meaning of credit, resulting 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 16th century, such trust became harder to maintain, leading to an explosion of debt litigation, which in turn resulted in social ...