New PDF release: Credit, Markets and the Agrarian Economy of Colonial India

By Sugata Bose

ISBN-10: 0195633083

ISBN-13: 9780195633085

This examine attracts on various historiographical ways to discover a topic principal to all discussions of the colonial economic climate in India. Bose considers such questions as why peasants borrowed, how credits intruded into peasants' lives and reworked their global, how we may well so much usefully signify the connection among peasants and usurers, and the way borrowers understand their collectors.

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Extra resources for Credit, Markets and the Agrarian Economy of Colonial India

Sample text

The folk-tales and fables suggest to Guha that 'the struggle ... is still being waged in the head' but has 'now a better prospect than ever of materializing itself in . . social struggle'. Guha' s intellectual interest remains captivated by the metaphor of the mutating Rahu myth. Beyond a tantalizing acknow, ledgement of the possibility of materialization of a struggle taking place in the debtor's consciousness, he does not draw th~ links between political economy a;nd,culture. James C. Scott's most recent theoreRcal work on 'ideologica,l insubordination' goes a little further in accepting that the 'infrapolitics' of resistance by subordinates against dominant elites is 'very much of a material struggle in which both sides are continually _probing for weaknesses and exploiting small advantages'.

Is still being waged in the head' but has 'now a better prospect than ever of materializing itself in . . social struggle'. Guha' s intellectual interest remains captivated by the metaphor of the mutating Rahu myth. Beyond a tantalizing acknow, ledgement of the possibility of materialization of a struggle taking place in the debtor's consciousness, he does not draw th~ links between political economy a;nd,culture. James C. Scott's most recent theoreRcal work on 'ideologica,l insubordination' goes a little further in accepting that the 'infrapolitics' of resistance by subordinates against dominant elites is 'very much of a material struggle in which both sides are continually _probing for weaknesses and exploiting small advantages'.

6 Most significant of all is the rise in the value of land. 7 In 1862-3, Government congratulated itself that the sale price stood as high as seven years' purchase of the land revenue;8 in 1930 the corresponding figure was 261. 10 t'fn 1945-6 over 23,000 miles. 1 tion by 50 per cent. 5 million acres, av~rage of the five years ending 1921, to 3101 rpillion acres, average of the five years ending 1941). Even allowing for the increase in the yields of rice and wheat, which expert authority puts at about 10 per cent for the whole province, it seems clear that population has outstripped cultivation.

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Credit, Markets and the Agrarian Economy of Colonial India by Sugata Bose


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