TY  - JOUR
PY  - 2014//
TI  - Alleviating poverty or reinforcing inequality? Interpreting micro-finance in practice, with illustrations from rural China
JO  - British journal of sociology
A1  - Hsu, Becky Yang
SP  - 245
EP  - 265
VL  - 65
IS  - 2
N2  - Academic and political discussions about micro-finance have been found lacking in predictive power, because they are based on orthodox economic theory, which does not properly comprehend the social components of credit. I take a better approach, utilizing credit theory ? specifically, Ingham's explication of how the nature of money as credit leads to social inequality. I also expound the perspective that morality is not separate from considerations borrowers make in micro-finance programmes on the micro level. I draw upon illustrations from my fieldwork in rural China, where a group-lending micro-finance programme was administered as part of a larger government-initiated effort across the country.<p />
LA  - en
SN  - 0007-1315
UR  - http://dx.doi.org/10.1111/1468-4446.12076
ID  - ref1
ER  -