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

Format:

Book

Author/Creator:

Nath, Maanik, 1991- author.

Series:

Cambridge studies in economic history

Language:

English

Subjects (All):

Rural credit--India--History--20th century.

Rural credit.

Credit--India--History--20th century.

Credit.

Economic development--India--History--20th century.

Economic development.

India--Economic conditions--20th century.

India.

Physical Description:

1 online resource (viii, 239 pages) : digital, PDF file(s).

Place of Publication:

Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2023.

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.

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.

Notes:

Title from publisher's bibliographic system (viewed on 08 Sep 2023).

Other Format:

Print version:

ISBN:

9781009359023 (ebook)

Access Restriction:

Restricted for use by site license.