Skip to main content Accessibility help
×
Hostname: page-component-cd9895bd7-gxg78 Total loading time: 0 Render date: 2024-12-24T00:17:17.500Z Has data issue: false hasContentIssue false

6 - Indian Merchant-Financial Capitalists

Navigating beyond the Western-centric Sea Frontier

from Part I - Multicultural Origins of the First (Historical Capitalist) Global Economy, 1500–1850

Published online by Cambridge University Press:  17 December 2020

John M. Hobson
Affiliation:
University of Sheffield
Get access

Summary

If Indians and Asians had been the leading producers and traders in the first global economy, as chapters 2 through 5 argue, then chapter 6 considers who they were as well as where and how they operated so effectively. It uses the Multānīs as a key example of Indian trading firms that plied the overland caravan routes. This gains added significance because Eurocentrism presumes that the so-called European-dominated High Seas displaced the trade on the overland routes. The chapter places special emphasis on critiquing the Eurocentric model of the Asian pedlar by revealing the rational methods and activities of the large-scale Multānī firms. Indeed, these matched the scale of leading European firms and bankers such as the Rothschilds and Warburgs. And it also problematises the Eurocentric Oriental despotism thesis by revealing the many ways in which the major Asian states—Mughal, Ottoman, Safavid and the Central Asian Uzbek Khanates—provided a highly conducive environment for the Multānī firmsto flourish.

Type
Chapter
Information
Multicultural Origins of the Global Economy
Beyond the Western-Centric Frontier
, pp. 151 - 164
Publisher: Cambridge University Press
Print publication year: 2020

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×