Classical Political Economy and British Policy in India

Classical Political Economy and British Policy in India
Author: S. Ambirajan
Publisher: Cambridge University Press
Total Pages: 0
Release: 2007-12-03
Genre: History
ISBN: 9780521052825

This book examines the effect of Classical political economy - the economic and monetary writings of Adam Smith, Ricardo, Malthus, the Mills and others - on the policy-making of the British government in India in the late eighteenth and nineteenth centuries. Professor Ambirajan shows how the economic doctrines of laissez-faire individualism and the freedom of market forces were instilled into the British administrative class. The East India Company's college at Haileybury was the most obvious agent but it is clear that a whole nexus of taught and unconscious attitudes predisposed the administrators to accept the ideas and ideologies of the economists.

Tea War

Tea War
Author: Andrew B. Liu
Publisher: Yale University Press
Total Pages: 359
Release: 2020-04-14
Genre: History
ISBN: 0300252331

A history of capitalism in nineteenth‑ and twentieth‑century China and India that explores the competition between their tea industries “Tea War is not only a detailed comparative history of the transformation of tea production in the 19th and early 20th centuries, but it also intervenes in larger debates about the nature of capitalism, global modernity, and global history.”— Alexander F. Day, Occidental College Tea remains the world’s most popular commercial drink today, and at the turn of the twentieth century, it represented the largest export industry of both China and colonial India. In analyzing the global competition between Chinese and Indian tea, Andrew B. Liu challenges past economic histories premised on the technical “divergence” between the West and the Rest, arguing instead that seemingly traditional technologies and practices were central to modern capital accumulation across Asia. He shows how competitive pressures compelled Chinese merchants to adopt abstract industrial conceptions of time, while colonial planters in India pushed for labor indenture laws to support factory-style tea plantations. Characterizations of China and India as premodern backwaters, he explains, were themselves the historical result of new notions of political economy adopted by Chinese and Indian nationalists, who discovered that these abstract ideas corresponded to concrete social changes in their local surroundings. Together, these stories point toward a more flexible and globally oriented conceptualization of the history of capitalism in China and India.

Critical Reflections on Economy and Politics in India

Critical Reflections on Economy and Politics in India
Author: Raju J. Das
Publisher: BRILL
Total Pages: 672
Release: 2020-03-02
Genre: Social Science
ISBN: 9004415564

In this book, Das presents a class-based perspective on the economic and political situation in contemporary India in a globalizing world. It deals with the specificities of India’s capitalism and neoliberalism, as well as poverty/inequality, geographically uneven development, technological change, and export-oriented, nature-dependent production. The book also deals with Left-led struggles in the form of the Naxalite/Maoist movement and trade-union strikes, and presents a non-sectarian Left critique of the Left. It also discusses the politics of the Right expressed as fascistic tendencies, and the question of what is to be done. The book applies abstract theoretical ideas to the concrete situation in India, which, in turn, inspires rethinking of theory. Das unabashedly shows the relevance of class theory that takes seriously the matter of oppression/domination of religious minorities and lower castes.

The Oxford Handbook of Political Economy

The Oxford Handbook of Political Economy
Author: Barry R. Weingast
Publisher: Oxford University Press, USA
Total Pages: 1112
Release: 2008-06-19
Genre: Business & Economics
ISBN: 0199548471

Over its lifetime, 'political economy' has had different meanings. This handbook views political economy as a synthesis of the various strands of social science, treating it as the methodology of economics applied to the analysis of political behaviour and institutions.

Classical Political Economy

Classical Political Economy
Author: Michael Perelman
Publisher: Bloomsbury Publishing
Total Pages: 285
Release: 2013-11-07
Genre: Business & Economics
ISBN: 1472508467

Classical Political Economy addresses the question of what determines the social division of labour, the division of society into independent firms and industries and develops the theoretical implications of primitive accumulation. It also offers a significantly different interpretation of classical political economy, demonstrating that this school of thought supported the process of primitive accumulation. Classical political economy presents an imposing facade. For more than two centuries, the accepted doctrine dictates that a market generates forces that provide the most efficient method for organising production. This laissez faire approach is an ideology that gives capital absolute freedom of action, and yet called for intervention to coerce people to do things that they would not otherwise do. Classical political economy therefore encouraged policies that would hinder people's ability to produce for their own needs. Michael Perelman, however, in this innovative take on the subject, seeks to challenge the ideologies that would allow things to continue in this line unchecked.

Assembling the Local

Assembling the Local
Author: Upal Chakrabarti
Publisher: University of Pennsylvania Press
Total Pages: 235
Release: 2021-01-22
Genre: Political Science
ISBN: 0812297717

In 1817, in a region of the eastern coast of British India then known as Cuttack, a group of Paiks, the area's landed militia, began agitating against the East India Company's government, burning down government buildings and looting the treasury. While the attacks were initially understood as an attempt to return the territory's native ruler to power, investigations following the rebellion's suppression traced the cause back to the introduction of a model of revenue governance unsuited to local conditions. Elsewhere in British India, throughout the first half of the nineteenth century, interregional debates over revenue settlement models and property disputes in villages revealed an array of practices of governance that negotiated with the problem of their applicability to local conditions. And at the same time in Britain, the dominant Ricardian conception of political economy was being challenged by thinkers like Richard Jones and William Whewell, who sought to make political economy an inductive science, capable of analyzing the real world. Through analyses of these three interrelated moments in British imperial history, Upal Chakrabarti's Assembling the Local engages with articulations of the "local" on multiple theoretical and empirical fronts, weaving them into a complex reflection on the problem of difference and a critical commentary on connections between political economy, agrarian property, and governance. Chakrabarti argues that the "local" should be reconceptualized as an abstract machine, central to the construction of the universal, namely, the establishment of political economy as a form of governance in nineteenth-century British India.

Robust Political Economy

Robust Political Economy
Author: Mark Pennington
Publisher: Edward Elgar Publishing
Total Pages: 0
Release: 2011
Genre: Classical school of economics
ISBN: 9781845426217

This important book offers a comprehensive defence of classical liberalism against contemporary challenges. It sets out an analytical framework of 'robust political economy' that explores the economic and political problems that arise from the phenomena of imperfect knowledge and imperfect incentives. Using this framework, the book defends the classical liberal focus on markets and the minimal state from the critiques presented by 'market failure' economics and communitarian and egalitarian variants of political theory. Mark Pennington expertly applies the lessons learned from responding to these challenges in the context of contemporary discussions surrounding the welfare state, international development, and environmental protection. Written in an accessible style, this authoritative book would be useful for both undergraduate and graduate students of political economy and public policy as a standard reference work for classical liberal analysis and a defence of its normative prescriptions. The book's distinctive approach will ensure that academic practitioners of economics and political science, political theory and public policy will also find its controversial conclusions insightful. Contents: 1. Introduction: Classical Liberalism and Robust Political Economy; Part I: Challenges to Classical Liberalism; 2. Market Failures 'Old' and 'New': The Challenge of Neo-Classical Economics; 3. Exit, Voice and Communicative Rationality: The Challenge of Communitarianism I; 4. Exit, Trust and Social Capital: The Challenge of Communitarianism II; 5. Equality and Social Justice: The Challenge of Egalitarianism; Part II: Towards the Minimal State; 6. Poverty Relief and Public Services: Welfare State or Minimal State?; 7. Institutions and International Development: Global Governance or the Minimal State?; 8. Environmental Protection: Green Leviathan or the Minimal State?; 9. Conclusion; Bibliography; Index

Martingales and Stochastic Integrals

Martingales and Stochastic Integrals
Author: P. E. Kopp
Publisher: Cambridge University Press
Total Pages: 0
Release: 2008-11-20
Genre: Mathematics
ISBN: 9780521090339

This book provides an introduction to the rapidly expanding theory of stochastic integration and martingales. The treatment is close to that developed by the French school of probabilists, but is more elementary than other texts. The presentation is abstract, but largely self-contained and Dr Kopp makes fewer demands on the reader's background in probability theory than is usual. He gives a fairly full discussion of the measure theory and functional analysis needed for martingale theory, and describes the role of Brownian motion and the Poisson process as paradigm examples in the construction of abstract stochastic integrals. An appendix provides the reader with a glimpse of very recent developments in non-commutative integration theory which are of considerable importance in quantum mechanics. Thus equipped, the reader will have the necessary background to understand research in stochastic analysis. As a textbook, this account will be ideally suited to beginning graduate students in probability theory, and indeed it has evolved from such courses given at Hull University. It should also be of interest to pure mathematicians looking for a careful, yet concise introduction to martingale theory, and to physicists, engineers and economists who are finding that applications to their disciplines are becoming increasingly important.

India's Political Economy, 1947-2004

India's Political Economy, 1947-2004
Author: Francine R. Frankel
Publisher:
Total Pages: 846
Release: 2005
Genre: Business & Economics
ISBN:

This is a revised and updated edition of the classic on India's post-Independence political economy published in the early 1980s. It addresses the fundamental paradox of India's political economy: how do we achieve the goals of increased economic growth and reduced economic and social disparities without causing social turmoil and dissent. This revised edition includes substantial new chapters carrying forward the analyses to the second generation in the 21st century.