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Author Cox, John (Anthropologist), author.

Title Fast Money Schemes : Hope and Deception in Papua New Guinea / John Cox.

Publication Info. [Place of publication not identified] : Indiana University Press, [2018]
©2018

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Description 1 online resource (264 pages).
text file rdaft
(epub)
Series Framing the global series
Framing the global book series.
Access Access limited to subscribing institutions.
Summary "A history and anthropological analysis of one of Papua New Guinea's worst Ponzi schemes in the late 1990s. In the late 1990s and early 2000s a wave of Ponzi schemes swept through Papua New Guinea, Australia, and the Solomon Islands. The most notorious scheme, U-Vistract, attracted many thousands of investors, enticing them with promises of one percent interest to be paid monthly. Its founder, Noah Musingku, was a charismatic leader who promoted the scheme as a form of Christian mission and as the basis for establishing an independent kingdom. Fast Money Schemes uses in-depth interviews with investors, newspaper accounts, and participant observation to understand the scheme's appeal from the point of view of those who invested and lost, showing that organizers and investors alike understood the scheme as a way of accessing and participating in a global economy. John Cox delivers a "post-village" ethnography that gives insight into the lives of urban, middle-class Papua New Guineans, a group that is not familiar to US readers and that has seldom been a focus of anthropological interest. The book's concern with understanding the interweaving of morality, finance, and aspirations shared by a global cosmopolitan middle class has wide resonance beyond studies of Papua New Guinea and anthropology."-- Provided by Freading.
Note Publisher metadata.
Subject Ponzi schemes -- Papua New Guinea -- History.
Swindlers and swindling -- Papua New Guinea -- History.
SOCIAL SCIENCE / Anthropology / General.
Genre/Form Electronic books.
ISBN 9780253035646
Standard No. 9780253035646
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