When an investor believes a stock is overvalued and will soon drop in price, he might decide to "short" it. First, he borrows an amount of the stock, and then sells it. He waits for the stock to tank before buying back the same amount of shares at a deflated price. After returning the shares to his lender, he pockets the difference—unless any one of several hard-to-predict variables interferes, and the stock fails to drop.Since these variables are so hard to predict, short selling ...

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This book studies the hitherto unexplored history of the shawl and silk industries of the himalyan state of Jammu and Kashmir, India. It focuses on the three processes – production, circulation, and consumption – of the textile industry of the region to highlight its socio-economic and political importance in 19th- and 20th-century Kashmir. Using the micro-history approach, it studies the sites of production – the home looms or the small karkhana – efficiency of labour, and innova...

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