Interaction between Trading Capital and Productive Capital in Agriculture An Unexplained Reciprocity Debdas Banerjee Pabitra Giri AJIT K Chowdhury and Kalyan K Sanyal in a paper ("Interaction between Trading Capital and Productive Capital in Agriculture: A Theoretical Approach", EPW, Review of Political Economy, July 28) have made an attempt to explain agricultural stagnation in the Third World in terms of existence of relatively profitable trading activity in advanced, capitalist islands surrounded by a large, precapitalist sector.
