Name: Capital Shortage: Credit and Indian Economic Development, 1920–1960 (Cambridge Studies in Economic History - Second Series) (en Inglés)
Price: 164.50 USD
Availability: InStock
Author: Maanik Nath
ISBN: 9781009359078

portada Capital Shortage: Credit and Indian Economic Development, 1920–1960 (Cambridge Studies in Economic History - Second Series) (en Inglés)

Formato

Libro Físico

Editorial

Cambridge University Press

Autor

Maanik Nath

Idioma

Inglés

N° páginas

250

Encuadernación

Tapa Dura

ISBN13

9781009359078

Capital Shortage: Credit and Indian Economic Development, 1920–1960 (Cambridge Studies in Economic History - Second Series) (en Inglés)

Maanik Nath (Autor) · Cambridge University Press · Tapa Dura

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Reseña del libro "Capital Shortage: Credit and Indian Economic Development, 1920–1960 (Cambridge Studies in Economic History - Second Series) (en Inglés)"

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.