Capital Shortage
Credit and Indian Economic Development, 1920-1960
Published on 14. September 2023
250 pages
978-1-009-35903-0 (ISBN)
Description
The great majority of the population in colonial and postcolonial India lived in the countryside and were poor. Many were unable to find gainful work outside agriculture and remained dependent on a livelihood that provided only subsistence, and a precarious one. Seeking the roots of persistent poverty, Maanik Nath finds that the pervasive high cost and shortage of capital affected the peasant's ability to invest in land. The productivity of land, as a result, remained small and changed little. Bridging economic theory and historical evidence, Capital Shortage shows that climate, law, policy design, and interactions between these factors, perpetuated a stubborn cycle of low investment and widespread deprivation over several decades. These findings can be tested against credit and development in preceding and succeeding periods as well as positioned in comparative global context.
More details
Series
Language
English
Place of publication
Cambridge
United Kingdom
Target group
College/higher education
Illustrations
Worked examples or Exercises
File size
5,02 MB
ISBN-13
978-1-009-35903-0 (9781009359030)
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Schweitzer Classification
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05/2025
Cambridge University Press
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08/2023
Cambridge University Press
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Person
Content
1. Introduction; 2. Agriculture, commerce and governance in the Longue Duree; 3. Climate and credit; 4. Courts and credit; 5. Regulating moneylenders; 6. Regulating cooperatives; 7. Credit after 1960; 8. Conclusion; Epilogue: risk and regulation across colonial India.
