Capital Shortage

Released on by Maanik Nath
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  • Capital Shortage Book Detail

  • Author : Maanik Nath
  • Release Date : 2023-07-31
  • Publisher : Cambridge University Press
  • Genre : Business & Economics
  • Pages : 249
  • ISBN 13 : 1009359053
  • File Size : 94,94 MB
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Capital Shortage by Maanik Nath PDF Summary

Book 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.

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