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This book deals with three main aspects of the history of Indian business: The relationship between business and politics, the position of merchants and businessmen in the economy and society of late colonial India, and how particular merchant networks extended the range of their operations to the entire subcontinent and the wider world.
In recent decades, private investment has led to an economic resurgence in India. But this is not the first time the region has witnessed impressive business growth. There have been many similar stories over the past 300 years. India's economic history shows that capital was relatively expensive. How, then, did capitalism flourish in the region? How did companies and entrepreneurs deal with the shortage of key resources? Has there been a common pattern in responses to these issues over the centuries? Through detailed case studies of firms, entrepreneurs, and business commodities, Tirthankar Roy answers these questions. Roy bridges the approaches of business and economic history, illustrating the development of a distinctive regional capitalism. On each occasion of growth, connections with the global economy helped firms and entrepreneurs better manage risks. Making these deep connections between India's economic past and present shows why history matters in its remaking of capitalism today.
A historical look at the early evolution of global trade and how this led to the creation and dominance of the European business corporation Before the seventeenth century, trade across Eurasia was mostly conducted in short segments along the Silk Route and Indian Ocean. Business was organized in family firms, merchant networks, and state-owned enterprises, and dominated by Chinese, Indian, and Arabic traders. However, around 1600 the first two joint-stock corporations, the English and Dutch East India Companies, were established. Going the Distance tells the story of overland and maritime trade without Europeans, of European Cape Route trade without corporations, and of how new, large-scale, and impersonal organizations arose in Europe to control long-distance trade for more than three centuries. Ron Harris shows that by 1700, the scene and methods for global trade had dramatically changed: Dutch and English merchants shepherded goods directly from China and India to northwestern Europe. To understand this transformation, Harris compares the organizational forms used in four major regions: China, India, the Middle East, and Western Europe. The English and Dutch were the last to leap into Eurasian trade, and they innovated in order to compete. They raised capital from passive investors through impersonal stock markets and their joint-stock corporations deployed more capital, ships, and agents to deliver goods from their origins to consumers. Going the Distance explores the history behind a cornerstone of the modern economy, and how this organizational revolution contributed to the formation of global trade and the creation of the business corporation as a key factor in Europe’s economic rise.
By the 1660s, the mighty Mughal Empire controlled the Indian subcontinent and impressed the world with its strength and opulence. Yet, hardly two decades would pass before fortunes would turn, Mughal kings and governors losing influence to rival warlords and foreign powers. How could one of the most dominant early modern polities lose their grip over empire? Sudev Sheth proposes a new point of departure, focusing on diverse local and hitherto unexplored evidence about a prominent financier family entrenched in bankrolling Mughal elites and their successors. Analyzing how four generations of the Jhaveri family of Gujarat financed politics, he offers a fresh take on the dissolution of the Mughal empire, the birth of princely successor states, and the nature of economic life in the days leading up to the colonial domination of India.
The global operations of the East India Companies were profoundly shaped by European perceptions of foreign lands. Providing a cultural perspective absent from existing economic and institutional histories, Ethnography and Encounter is the first book to systematically explore how Company agents’ understandings of and attitudes towards Asian peoples and societies informed institutional approaches to trade, diplomacy, and colonial governance. Its fine-grained comparisons of Dutch and English activities in seventeenth-century South Asia show how corporate ethnography was produced, how it underpinned given modes of conduct, and how it illuminates connections across space and time. Ethnography and Encounter identifies deep commonalities between Dutch and English discourses and practices, their indebtedness to pan-European ethnographic traditions, and their centrality to wider histories of European expansion.
Environmental destruction, animal abuse, and widespread indifference toward plants and elemental systems demand that a human-centric view of the world be permanently dismantled. But once it is, what functional hierarchies take its place, if any? This volume brings Alfred North Whitehead's process-relational worldview into conversation with deeper empirical perspectives on science and religion, with activist and de/constructive philosophies, with South Asian and indigenous traditions, and with...
Socio - Cultural Life of Merchants in Mughal Gujarat by Monika Sharma focuses on the identification of the varied communities involved in commercial activities and maritime trade - Banias, Bohras. Parsis, Khojas, Memons, Ghanchis, Chalebis, Armenians and European during 16th-17th centuries. The project embraces life-style, traditions, festivals, institutions and the professional aspects of merchants life. The study explores the region of Gujarat its geographical layout, urban set-up, trade centres, cities, manufacturing centres, ports and trade routes. The living standards, viz. housing, system of education, entertainment, the status women, food habits, dresses, ornaments and other aspects of their daily life etc. are investigated in order to make a comparative study of the different cultures. The study intends to know about the religion, social activities, festivals, rituals, marriages, customs and mores followed. The present work entails the investigation of custom, rituals and mores related to society and religion of the various merchant communities. One can also discern the existing social evils like sati, polygamy and enforced widowhood. The focal point of the study is merchants-Mughal nexus too, which is vital to understand the benefits accrued by the merchant communities. In what manner the proximity with imperial court benefitted them and resulted in their social elevation. One of the objectives of this study would be contextualize the idea of money for different merchants, which is discussed in chapter six. How the various communities invested their money to acquire political and social advantages. The stable system of brokers, sarraf and sahukars, mahajan, and nagarsheth which sustained the community are also focussed.
For many years, Ottomanist historians have been accustomed to study the Ottoman Empire and/or its constituent regions as entities insulated from the outside world, except when it came to 'campaigns and conquests' on the one hand, and 'incorporation into the European-dominated world economy' on the other. However, now many scholars have come to accept that the Ottoman Empire was one of the - not very numerous - long-lived 'world empires' that have emerged in history. This comparative social history compares the Ottoman to another of the great world empires, that of the Mughals in the Indian subcontinent, exploring source criticism, diversities in the linguistic and religious fields as political problems, and the fates of ordinary subjects including merchants, artisans, women and slaves.