Beyond Debt by Daromir Rudnyckyj
Recent economic crises have made the centrality of debt, and the instability it creates, increasingly apparent. This realization has led to cries for change—yet there is little popular awareness of possible alternatives. Beyond Debt describes efforts to create a transnational economy free of debt. Based on ethnographic fieldwork in Malaysia, Daromir Rudnyckyj illustrates how the state, led by the central bank, seeks to make the country’s capital Kuala Lumpur “the New York of the Muslim world”—the central node of global financial activity conducted in accordance with Islam. Rudnyckyj shows how Islamic financial experts have undertaken ambitious experiments to create more stable economies and stronger social solidarities by facilitating risk- and profit-sharing, enhanced entrepreneurial skills, and more collaborative economic action. Building on scholarship that reveals the impact of financial devices on human activity, he illustrates how Islamic finance is deployed to fashion subjects who are at once more pious Muslims and more ambitious entrepreneurs. In so doing, Rudnyckyj shows how experts seek to create a new “geoeconomics”—a global Islamic alternative to the conventional financial network centered on New York, London, and Tokyo. A groundbreaking analysis of a timely subject, Beyond Debt tells the captivating story of efforts to re-center international finance in an emergent Islamic global city and, ultimately, to challenge the very foundations of conventional finance.
Rudnyckyj, Daromir: - Daromir Rudnyckyj is an associate professor in the Department of Anthropology at the University of Victoria, British Columbia. His research addresses globalization, religion, development, Islam, and the state in Southeast Asia, focusing on Indonesia and Malaysia. His current research examines the globalization of Islamic finance and analyzes efforts to make Kuala Lumpur the 'New York of the Muslim World' by transforming it into the central node in a transnational Islamic financial system. His book Spiritual Economies: Islam, Globalization, and the Afterlife of Development (2010), was awarded a Sharon Stephens Prize from the American Ethnological Society. His research has been supported by the American Council for Learned Societies, the Social Sciences and Humanities Research Council of Canada (SSHRC), the Social Science Research Council, the Wenner-Gren Foundation for Anthropological Research, and other scholarly foundations.
| SKU | Unavailable |
| ISBN 13 | 9780226552088 |
| ISBN 10 | 022655208X |
| Title | Beyond Debt |
| Author | Daromir Rudnyckyj |
| Series | Emersion: Emergent Village Resources For Communities Of Faith |
| Condition | Unavailable |
| Binding Type | Paperback |
| Publisher | The University of Chicago Press |
| Year published | 2018-11-22 |
| Number of pages | 288 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |