Posts Tagged ‘legal power’

Jared Rubin on Religion & Credit Risk in the Ottoman Empire (Encore Presentation)

Return with us to winter 2016 when Prof. Jared Rubin explained to us why the economic, political, and religious elite did not always get the best credit deals in the Ottoman Empire, and what this all has to do with being a member of a minority religion. When we last talked with Jared, he was finishing up his book manuscript entitled “Rulers, Religion, & Riches.” Let this discussion give you insights into this fascinating work that helps explain the differing historical trajectories between two great world cultures, as well as a fascinating project he conducted with economist Timur Kuran (also a frequent guest on RoR).

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Jared Rubin on Religion & Credit Risk in the Ottoman Empire

When it comes to gaining access to cheap financial credit, we normally assume that the economic, political, and cultural elite in society will have a better chance at obtaining favorable loans. However, during the late Ottoman Empire, the wealthy, males, and Muslims were considered to be higher credit risks than the poor, females, and non-Muslims. Prof. Jared Rubin of Chapman University explains why this is, referencing a fascinating historical study he conducted with Prof. Timur Kuran (another frequent guest on our podcast).

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