- Title
- Risk and benefit as functions of savings and loan clubs: an examination of the importance of rotating credit associations for poor women in Rhini
- Title
- ISER seminar series, 1995
- Creator
- Buijs, Gina
- Subject
- Africans -- Economic conditions Rhini (Grahamstown, South Africa) -- Social conditions Savings and loan associations -- South Africa -- Grahamstown Savings and loan associations -- South Africa Urban poor -- South Africa Women -- South Africa -- Grahamstown -- Economic conditions Women -- South Africa -- Economic conditions Black people -- South Africa -- Grahamstown Grahamstown (South Africa) -- Economic conditions
- Date Issued
- 1995
- Date
- 1995
- Type
- Manuscript
- Type
- Text
- Identifier
- http://hdl.handle.net/10962/2498
- Identifier
- vital:20298
- Description
- Paper presented at an ISER Seminar, 25th April 1995: This paper examines the implications of risk taking in the context of rotating credit associations popular among poor women in Rhini. Mary Douglas notes that in the 19th century when the theory of risk taking became important in economics, humans were thought to be risk averse because they chose according to a pleasure calculus. In the 18th century the idea of risk was neutral: it took account of the probability of gains and losses. The concept originally emerged in the 17th century in the context of gambling. Risk then means the probability of an event occurring, combined with the magnitude of the losses and gains which would be entailed. She comments (1992:31) that the evaluation of the outcome is a political, aesthetic and moral matter.
- Description
- Digitised by Rhodes University Library on behalf of the Institute of Social and Economic Research (ISER)
- Format
- 27 pages
- Format
- Publisher
- Rhodes University, Institute of Social and Economic Research
- Language
- English
- Relation
- ISER seminar series, 1995
- Rights
- Rhodes University
- Rights
- http://creativecommons.org/licenses/by-nc-sa/4.0/
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