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Ranjit SauSubscribe to Ranjit Sau

A Theory of Rent and Agrarian Relations

Ranjit Sau Absolute ground rent is a hindrance to the transition from feudalism to capitalism in that it takes away a part of the surplus product of labour from being transformed into profit for capitalist development. Agrarian revolution is the core of the current stage of the revolution in India. While it is oriented towards elimination of the vestiges of feudalism, it is not aime d against agricultural capitalism as such. But the agrarian resolution does demand the abolition of landlordism

Economics of Feudalism

Economics of Feudalism Ranjit Sau An Economic Theory of the Feudal System: Towards a Model of the Polish Economy, 1500-1800 by Witold Kula; NLB, London; pp 191. (Translated by Lawrence Carner from the Italian edition; original publication in Polish in 1962.) investments of a manufacturing nature, the problems related to the productive or non-productive utilisation of the surplus, etc); (3) the laws governing the adjustment of the economy to changes in social conditions, i e, the short-term dynamic; (4) the laws of the long-term dynamic, and above all the internal causes of the disintegration of a determinate system and of its transformation into a different one. No theory is complete unless it contains this last element.

Lewis Model on a World Scale

REMEMBER that arte 1954-model of Arthur Lewis?1 A dual economy with two sectors; one traditional, the other modern. The former produces food- grains, and it has a practically unlimited supply of labour at a constant wage rate determined by the average yield on agricultural land. The modern sector draws labour from that reservoir of cheap supply. The economy does not get into the path of rapid development until and unless the traditional sector empties its surplus labour or improves productivity.

India s Economic Crisis Dialectics of Sub-Imperialism

India's Economic Crisis: Dialectics of Sub-Imperialism INDIA is in crisis, in every sphere, social, political, economic. About the economic crisis, broadly four alternative theories have been advanced so far. |a) According to one of them, this is a Ricardian crisis, with a little bit of Malthus thrown in. With the growth of population, more and more marginal land has been brought under cultivation, costs of agriculture have risen, so have prices of agricultural goods. Landowning rentiers have benefited; and industry has been suffering under the weight of rising costs and hence falling profits. (1)) The second theory blames the terms of trade which have tilted in favour of agriculture as the economic and political hold of the farm lobby has gone up in recent years; savings have (alien; and industry is up against the wall of limited home market, (c) The third theory finds the root of the crisis in the very nature of the mixed economy of private and public sectors, where the government buys the inventory of the private sector and thus places a large sum of liquid funds in the hands of the private sector. Massive procure- ment of foodgrains, and large-scale export subsidy are cited as examples of such official operations whereby the private sector manages to dispose of its inventory quickly. Such a situation is prone to speculative trade and inflation, (d) The fourth theory correlates the ' present economic crisis with the slow demise of public sector's investment.

Wide Canvas, Wild Strokes

Wide Canvas, Wild Strokes Ranjit Sau tions have four main characteristics in common (i) the predominance of agrarian capitalism in the national sector; (ii) the creation of a local, mainly merchant, bourgeoisie in the wake of dominant foreign capital, (iii) a tendency toward a peculiar bureaucratic development, specific to the contemporary periphery; and (iv) the incomplete, specific character of the phenomenon of proletarianisation.

CAPITAL VIEW

The concept of health planning has become grossly distorted over successive five year plans; the Draft Five Year Plan, 1978-83, is no exception.

From Petty Bourgeois Politics to Idi Amin-Final Act of an Intermediate Regime

Final Act of an Intermediate Regime ONCE in a long while does one come across a took that blazes a new trail of analysis or illuminates a particularly difficult terrain. Mamdani's book is an example of this classic category. Its primary object is to explain the politics of Uganda in the period between independence (1962) and the Asian expulsion (1972). To do so it traces the formation of all those social forces

An Interesting Introduction

An Interesting Introduction Marxian Economic Theory by Meghnad ing, London, 1974; pp 157 + iv. add, has resulted from failure to do so. This is weJI said; but unfortunately the book does not fully elaborate this point, namely, the contrast between the classical and the Marxian theory of value Following Joan Robinson, exploitation is defined in neoclassical economics as the gap between wage and the marginal product of labour due to monopoly elements. The notion of exploitation in Marx does not depend upon such imperfections. While the workers are free in a double sense (free to sell labour power and free from the means of production), while equivalents are exchanged in the sphere of circulation, while all artificial barriers to competition have been torn down, yet exploitation takes place behind all this. Marx's value theory reveals this Hegelian contradiction.

Towards a Marxian Theory of International Trade and Capital Flow

Trade and Capital Flow Ranjit Sau This paper attempts to collect Marx's theoretical findings and integrate them in order to erect a structure of Marxian theory of international trade and capital flow.

Share of Wages

Share of Wages Ranjit Sau The Real Wages of Industrial Labour in India by B K Madan; Management Development Institute, New Delhi, 1977; pp 64 + viii;

Indian Political Economy, 1967-77-Marriage of Wheat and Whisky

Marriage of Wheat and Whisky Ranjit Sau At the turn of the century the feudal junkers joined hands with the rising bourgeoisie of Germany to protect and promote their class interests. In the year 1901 a massive programme of naval build-up was launched to create a home market for German industry, all in the name of nationalism and patriotism, German history remembers it as the fateful 'marriage of rye and steel' which in due course gave birth to a Hitler.

Can Capitalism Develop in Indian Agriculture

In this paper we are concerned with the prospects of agrarian capitalism in India. To begin with, an outline of the Kautsky-Lenin laws and the limits of capitalism in agriculture is given in section I. The operation of these laws in a colonial or semi-colonial milieu is examined in section II. Then we come to India, in particular, in section III. It seems to us that the controversy about the extent of capitalist development in Indian agriculture has been marred by certain conceptual ambiguity. Section IV makes an attempt to help clear the air, The last section contains a few concluding remarks.

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