Capital Shortage : Credit and Indian Economic Development, 1920-1960 Hardback
by Maanik (Universiteit Utrecht, The Netherlands) Nath
Part of the Cambridge Studies in Economic History - Second Series series
Hardback
- Information
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.
Information
-
Out of StockMore expected soonContact us for further information
- Format:Hardback
- Pages:250 pages, Worked examples or Exercises
- Publisher:Cambridge University Press
- Publication Date:10/08/2023
- Category:
- ISBN:9781009359078
Information
-
Out of StockMore expected soonContact us for further information
- Format:Hardback
- Pages:250 pages, Worked examples or Exercises
- Publisher:Cambridge University Press
- Publication Date:10/08/2023
- Category:
- ISBN:9781009359078
