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Introduction

Published online by Cambridge University Press:  04 November 2025

Louise E. Walker
Affiliation:
Northeastern University, Boston
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Summary

What happened when people did not pay their debts? Debts Unpaid argues that conflicts over small-scale unpaid debts were a stress test for the economic order. To ensure the wheels of petty commerce continued to turn in Mexico, everyday debtors and creditors had to believe that their interests would be protected relatively fairly when agreements soured. A resounding faith in economic justice provided the bedrock of stability necessary for the expansion of capitalism over the longue durée. Introducing the two-hundred-year period of massive economic transformation explored throughout the book, this chapter presents the text’s key historical and theoretical interventions from the late eighteenth century to the first decade of the twenty-first. As the capitalist credit economy grew, especially through modern financial institutions, ordinary people used new financial tools and navigated increasingly opaque and impersonal credit relations. This Introduction outlines the dynamics of change and the challenges and opportunities they posed for the world of small-scale debtors and creditors.

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Chapter
Information
Debts Unpaid
Two Centuries of Trouble and Conflict in Mexico's Economy
, pp. 1 - 19
Publisher: Cambridge University Press
Print publication year: 2025

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  • Introduction
  • Louise E. Walker, Northeastern University, Boston
  • Book: Debts Unpaid
  • Online publication: 04 November 2025
  • Chapter DOI: https://doi.org/10.1017/9781009360425.001
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  • Introduction
  • Louise E. Walker, Northeastern University, Boston
  • Book: Debts Unpaid
  • Online publication: 04 November 2025
  • Chapter DOI: https://doi.org/10.1017/9781009360425.001
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Introduction
  • Louise E. Walker, Northeastern University, Boston
  • Book: Debts Unpaid
  • Online publication: 04 November 2025
  • Chapter DOI: https://doi.org/10.1017/9781009360425.001
Available formats
×