New Books in Economic and Business History

Nidhi Mahajan, "Moorings: Voyages of Capital across the Indian Ocean" (U of California Press, 2025)


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Moorings: Voyages of Capital across the Indian Ocean (U of California Press, 2025) follows sailors from the Gulf of Kachchh in India as they voyage across the Indian Ocean on mechanized wooden sailing vessels known as vahans, or dhows. These voyages produce capital through moorings that are spatial, moral, material, and conceptual. With a view from the dhow, the book examines the social worlds of Muslim seafarers who have been rendered invisible even as they maneuver multiple regulatory regimes and the exigencies of life, navigating colonialism, neoliberalism, the rise of Hindutva, insurgency, climate change, and border regimes across the ocean. Based on historical and ethnographic research aboard ships, at ports, and in religious shrines and homes, Moorings shows how capitalism derives value from historically sedimented practices grounded in caste, gender, and transregional community-based forms of regulation.

Nidhi Mahajan is Associate Professor in the Department of Anthropology at the University of California, Santa Cruz.

Reighan Gillam is Associate Professor in the Department of Latin American, Latino, and Caribbean Studies at Dartmouth College. Her research examines the ways in which Afro-Brazilian media producers foment anti-racist visual politics through their image creation. She is the author of Visualizing Black Lives: Ownership and Control in Afro-Brazilian Media (University of Illinois Press).

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