The Cultural Politics of Markets

'I know of no other book which so effectively addresses the question of culture and development in the contemporary global scene and speaks to both planners and anthropologists alike.' David Holmberg, Cornell University'An outstanding study of the impact of economic liberalisation in Nepali society.' Professor John Harriss, Director of the Development Studies Insitute, London School of Economics'With this careful unpacking of the neo-liberal tenet that market access equals social opportunity Katharine Rankin makes a significant contribution to the vibrant growth of new research.' Katherine Gibson, The Australian National University'A classic study of the interaction between market and non-market relations.' Ben Fine, Professor of Economics, School of Oriental and African Studies, University of LondonThis book is a study of the social embeddedness of markets, in an era when the ideology of the 'free market' governs development as much as trade.Using a wide theoretical framework that encompasses both anthropology and geography, Katharine Rankin critiques neoliberal approaches to development, showing that the capitalist market will always be linked to local social structures and cultures of value. Market-led development, therefore, does not necessarily expand opportunity; rather it can deepen existing injustic and inequality.Using the example of a 'traditional' Newar market town located in the Kathmandu Valley in Nepal, Rankin explores how the 'value' ascribed to social prestige relates to economic opportunity. Showing how those in subordinate social locations are positioned to critique inequality, Rankin argues that planners should pursue progressive notions of development that recognise the critical resources within culture.