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4 results

  • 2 - Courtly Mutualism: The Emperor’s Jeweler Shantidas Jhaveri, 1628–58

  • Sudev Sheth, University of Pennsylvania
  • Book:
    Bankrolling Empire
    Published online:
    16 November 2023
    Print publication:
    30 November 2023, pp 71-108

  • Summary

    Chapter 2 focuses on the founding patriarch Shantidas Jhaveri’s activities in the early seventeenth century at the courts of Jahangir and his successor Shah Jahan. Jahangir was accustomed to the luxuries of the court, and grew fond of rare jewelry and other precious items. Shantidas established a formidable reputation as a fantastic jeweler and diamond dealer, one with the wealth and knowledge to procure rarities from around the world. Ships carrying such goods docked at the ports of Gujarat, and Shantidas and his agents purchased coveted items to then sell to high-ranking officials and Mughal emperors. The business activities of Shantidas took off after 1610. Given his close relationship with two successive Mughal emperors, I call this phase of Mughal-Jhaveri relations courtly mutualism since both sides gained from the interaction. This chapter identifies a range of sources including Persian chronicles, royal orders, religious praise poems in Sanskrit and Gujarati, and European travelogues to establish that Mughal-Jhaveri relations were initially symbiotic, setting the vantage point from which subsequent developments are analyzed.

  • TRADE, LUXURY GOODS, AND A GROWTH-ENHANCING TARIFF

  • Leonid V. Azarnert
  • Journal:
    Macroeconomic Dynamics / Volume 22 / Issue 6 / September 2018
    Published online by Cambridge University Press:
    24 April 2017, pp. 1462-1474

  • This article presents a Ricardian model of trade with learning-by-doing to study the effect of barriers to trade in products with low growth potential on the long-run economic growth. The model shows that, when elasticity of demand for the product with a lower learning potential is greater than unity, a tariff imposed on this product can shift the demand toward the product with a higher learning potential, thus enhancing growth in the exporter economy. Therefore, although with some possible negative effect on the welfare in the short run, barriers for the export of natural luxury goods may be beneficial for developing economies in the long run, since they increase their incentive to develop sectors with higher growth potential.

  • The Traffic in Glands

  • Martin Devecka
  • Journal:
    The Journal of Roman Studies / Volume 103 / November 2013
    Published online by Cambridge University Press:
    22 March 2013, pp. 88-95
    Print publication:
    November 2013

  • The story that beavers self-castrate when cornered by hunters appears in a range of Roman sources, both poetry and prose, from the end of the Republic onward. This myth is a product of the rôle that ‘beaver testicles’ played in Roman luxury trade and medicine. At the same time, it serves as a literary figure for the fraught relations between Rome and the provinces from which these, and other, luxury goods were imported.

  • 1 - Mughal India

  • from X - Non-Agricultural Production
  • Edited by Tapan Raychaudhuri, Irfan Habib
  • Book:
    The Cambridge Economic History of India
    Published online:
    28 March 2008
    Print publication:
    01 April 1982, pp 261-307

  • Summary

    India was a leading manufacturing nation at least at par with pre-industrial Europe. A variety of manufactured foodstuffs, oil, butter, ghi, salt and sugar, were among the staples of the inter-regional trade. The Mughals spent freely on the construction of the chief cities and the nobles embellished Delhi at their own expense to gain the monarch's favour. The country's leading manufacture, cotton textiles, was produced in every part of the country. The metal was produced in the Mughal provinces of Bengal, Allahabad, Agra, Berar, Gujarat, Delhi and Kashmir. In the 1660s, the Dutch began to export iron products from Coromandel to Batavia. Manufacturing in Mughal India was predominantly a rural activity though most urban centres also had their artisan industries, especially production of certain luxury and semi-luxury goods. In parts of southern India, several occupations - carpenters, braziers, goldsmiths and stone-cutters, were included in the same caste-group allowing a certain degree of horizontal mobility.