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Capital shortage : credit and Indian economic development, 1920-1960 / Maanik Nath

Author
Nath, Maanik, 1991-
Published
Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2023.
Physical Description
1 online resource (viii, 239 pages) : digital, PDF file(s).
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Series
Contents
Introduction -- Agriculture, Commerce and Governance in the Longue Dur ee -- Climate and Credit -- Courts and Credit -- Regulating Moneylenders -- Regulating Cooperatives -- Credit after 1960 -- Conclusion.
Summary
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.
Subject(s)
ISBN
9781009359023 (ebook)
9781009359078 (hardback)
9781009359047 (paperback)
Note
Title from publisher's bibliographic system (viewed on 08 Sep 2023).
View MARC record | catkey: 42516047