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While most of the advanced capitalist countries are reeling under a severe financial crisis, the rapid growth of India and China, the two largest and fastest growing economies in the world, are contributing to the realignment of the world economy. At the same time, the transition in these countries is characterized by deep rural poverty and underdevelopment, and plagued by unprecedented forms of social and economic inequality, reliance on volatile export markets, brutal land grabs, and forms of crony capitalism.
This volume brings together twelve wide-ranging essays that collectively...

This book provides a historical background to the formation of the Indian capitalist class from before British colonial rule in India. It analyses the nature of that class, the ways in which it changed under colonial rule, and the state of independent India; it also sets some of the peculiarities of capitalist organization in India and the ideology of big capital in their historical context.

The evolution of the working class in India is analysed in its dialectical interaction with global capital and Indian capitalism. The author challenges the view that the tensions within working...

This book deals with the history of private investment in India and its determinants during the period 1900-1939. It develops a simple theoretical framework in its first part and tries to isolate the influence on private investment in India of factor supplies, as against demand conditions. In the second part, all the major manufacturing industries of the period are studied in detail. Most of the analytical apparatus used is developed from orthodox economic theory, but a heavy emphasis is placed on Keynesian ideas. Finally, the author presents a case study in the economic relations between an...

First published in 2000. Routledge is an imprint of Taylor & Francis, an informa company.

This book provides a historical background to the formation of the Indian capitalist class from before British colonial rule in India. It analyses the nature of that class, the ways in which it changed under colonial rule, and the state of independent India; it also sets some of the peculiarities of capitalist organization in India and the ideology of big capital in their historical context.

The evolution of the working class in India is analysed in its dialectical interaction with global capital and Indian capitalism. The author challenges the view that the tensions within working...

For the appendixes mentioned in the book, Click Here. In this innovative and ambitious global history, distinguished economic historian Amiya Kumar Bagchi critically analyzes the processes leading to the rise of the West since the sixteenth century to its current position as the most prosperous and powerful group of nations in the world. Integrating the history of armed conflict with the history of competition for trade, investment, and markets, Bagchi explores the human consequences for people both within and outside the region. He characterizes the emergence and operation of capitalism as a...

The papers presented in this volume arise out of the session on money, banking and finance, organized under the auspices of the Indian History Congress, Kolkata, 2000. In most historical periods in India, groups of people have been engaged in exchanges of their products, with money being extensively used as a medium of exchange. There is no point, however, trying to define who exactly were the bankers, or bankers and money-changers, or bankers, merchants, and money-changers rolled into one, without specifying the context. They functioned in very different ways, and thus alert us to the...

This book offers a unique re-conceptualization of Marxism in bringing together leading scholars across disciplines - history, philosophy, economics, politics, sociology, and literary and culture studies - into one comprehensive corpus. It demonstrates the engaging relevance of the perspectives and techniques of the analyses adopted by Karl Marx, Frederich Engels and contemporary Marxists, and will be immensely useful to scholars and researchers across social sciences as well as general readers interested in Marxism.

First published in 2000. Routledge is an imprint of Taylor & Francis, an informa company.

The division of the world into rich and poor nations, and the division within poor nations between a minority of rich people and a majority of poor people living at a minimum subsistence level, has been obvious to careful observers for a long time. This book gives an overview of the problems of underdevelopment confronting third-world countries, making use of both Marxist and neo-Keynesian methods of analysis. It makes clear the historical origins of these contemporary problems, particularly with reference to the major countries of Asia and Latin America, and discusses the ways in which...