Book description
This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand…
Why read it?
1 author picked Ethnic Enterprise in America as one of their favorite books. Why do they recommend it?
Ivan Light’s Ethnic Enterprise in America utilizes both sociological and historical analysis.
From my perspective, what makes Light’s classic book unique and important is its’ detailed discussion of “rotating credit associations.”
These were/are community-based networks that allow participants to raise capital for a variety of economic projects (such as starting or growing a business).
According to Light, Chinese Americans and Japanese Americans regularly (and successfully) used rotating credit associations; African Americans did not (although rotating credit associations were/are a part of African tradition).
Ethnic Enterprise in America plausibly suggests that this form of “cultural amnesia” can be linked to the…
From Robert's list on African American business history.
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