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For a New Approach to Credit Relations in Modern History

Published online by Cambridge University Press:  20 January 2017

Claire Lemercier
Affiliation:
Centre de sociologie des organisations (CNRS-Sciences Po)
Claire Zalc
Affiliation:
Institut d’histoire moderne et contemporaine (CNRS-ENS)

Abstract

Credit relations have not been thoroughly examined by modern historians and are usually viewed through the lens of evolutionist narratives recounting the victory of “ economic rationality” by means of the institutionalization, formalization, and modernization of these relations, although the veritable meaning of these terms are never precisely defined. This article examines the notion of credit relations by exploring their formalization and personalization, which are viewed as two relatively compatible elements. Drawing on a survey of recent publications on the subject, this article analyzes the complementarity of the various types of people involved in credit relations, the transformation of the tools for undertaking such a transaction, and the difficulties surrounding credit in addition to the (non-)existence of sanctions.

Type
History of Credit in the Modern Era
Copyright
Copyright © Les Éditions de l’EHESS 2012

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References

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100. On the classical notion of a judicial funnel, see Austin Sarat, Richard L. Abel, and William L. F. Felstiner, “ L’émergence et la transformation des litiges : réaliser, reprocher, réclamer,” Politix 91-3 (1991): 41-54.

101. For a good example of this, see Sparks, Edith, “ Terms of Endearment: Informal Borrowing Networks among Northern California Businesswomen, 1870-1920,” Business and Economic History On-Line 2 (2004)Google Scholar: http://www.thebhc.org/publications/BEHonline/2004/Sparks.pdf .

102. For a study of huissiers, see Mathieu-Fritz, Alexandre, Les huissiers de justice (Paris: PUF, 2005)Google Scholar. Historians have shown little interest in this occupation.

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109. For figures concerning debt collection demanded by the new credit firms before the drop in the 1990s, see Mathieu-Fritz, Les huissiers de justice.

110. Interview with J., a saleswoman, Lens, April 16, 2003.

111. Clavier, Laurent, “ Éclats de vues, écrits de vie. Remarques sur une justice de paix et ses acteurs dans le Paris populaire vers le milieu du XIXe siècle,” in Réflexions sur les sources écrites de la biographie politique. Le cas du XIXe siècle, ed. Hincker, Louis (Paris: CNRS, 2000), 2960.Google Scholar

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117. Lydon, Ghislaine, On Trans-Saharan Trails: Islamic Law, Trade Networks, and Cross-Cultural Exchange in Nineteenth-Century Western Africa (Cambridge: Cambridge University Press, 2009)CrossRefGoogle Scholar. Other pioneering studies in this domain include: Hendley, Kathryn, “ Business Litigation in the Transition: A Portrait of Debt Collection in Russia,” Law&Society Review 38-2 (2004): 30548;Google Scholar Manpreet Singh, “ Trade Credit and Contract Enforcement Reforms: Evidence from a Natural Experiment in India” (working paper, 2012), http://ssrn.com/abstract=2012138 .

118. Zelizer, Vivianna A., The Social Meaning of Money (New York: Basic Books, 1994)Google Scholar; Dufy, Caroline and Weber, Florence, L’ethnographie économique (Paris: La Découverte, 2007)Google Scholar; and Pierre François, Sociologie des marchés (Paris: Armand Colin, 2008).

119. In the same vein, Jeanne Lazarus defines her topic of study as “ banking relations.” See Lazarus, , L’épreuve de l’argent, 11.Google Scholar

120. “ Speaking of credit is speaking of power,” declares Jean-Pierre Hirsch, who also refuses to oppose formal and informal credit. See Jean-Pierre Hirsch “ Sur le renouvellement des systèmes de crédit au XIXe siècle et sur ses limites,” in Des personnes aux institutions. Réseaux et cultures du crédit du XVIe au XXe siècle en Europe, eds. Laurence Fontaine et al. (Louvain-la-Neuve: Bruylant-Academia, 1997), 425.

121. Guinnane, Timothy W., “ Les économistes, le crédit et la confiance,” Genèses 79-2 (2010): 625;CrossRefGoogle Scholar Guinnane, , “ Trust: A Concept to Many,” Jahrbuch für Wirtschaftsgeschichte 2005-1 (2005): 7792.Google Scholar On building trust via interactional signals, see Beckert, Jens, “ Vertrauen und die performative Konstruktion von Märkten,” Zeitschrift für Soziologie 31-1 (2002): 2743.Google Scholar