By Daivi Rodima-Taylor and Parker Shipton
The mortgaging of land, a risky practice usually treated as just an economic and legal contract, has needed a broader set of perspectives for a fuller, more humanist understanding. Most of the existing scholarly literature on land and mortgages has been written by economists and legal specialists, reflecting the perspectives of their disciplinary traditions. Lacking are assessments from a wider range of disciplines in the social sciences and humanities, drawing upon historical experiences, cultural meanings, and locally informed perspectives.
Our recent edited volume, drawing on historical and observational research in different parts of the world, is meant to help fill that gap. It examines mortgaging as a social and cultural phenomenon to show its origins, variation, and effects on human lives and communities. Here anthropologists, historians, and economists explore archival, printed, and ethnographic evidence about mortgage. The book shows how mortgages affect people on the ground, where local forms of mutuality mix with larger bureaucracies. Tracing origins of land titling, pledging, and the mortgage in over millennia and incorporating findings from authors’ original field research, the book explores effects of government, bank, and aid agency attempts and impositions meant to encourage mortgage lending and borrowing. It shows how these mix in practice, in different languages, currencies, and contexts, with locally rooted understandings, and how all parties have sought, and too often failed, to make adjustments. The outcomes of mortgage in Africa, Europe, Asia, and America challenge economic development orthodoxies, calling for a human-centered exploration of this age-old institution. It must take account, we insist, of emotions, vulnerabilities, and histories of unexpected outcomes, as shown in different societies, cultures, and environmental and political conditions.Read More »