Capital & Labour Redefined: India and the Third World

Amiya Kumar Bagchi



xxxii + 336 pages

8.5 x 5.5 inches

ISBN: 81-85229-54-6

Rs 575

For sale in India and South Asia only

awarded the muzaffar ahmed memorial prize

This volume of essays gives the historical background to the formation of the Indian capitalist class from before British colonial rule in India. It also analyses the nature of that class and the changes in it under colonialism and in independent India. It situates some of the peculiarities of capitalist organization in India and the ideology of big capital in their historical context. The evolution of the conditions of the working class in India is analysed in its dialectical interaction with global capital and Indian capitalism. The book challenges the view that the tensions caused within working-class movements by caste or communal divisions or by gender discrimination are to be attributed to primordial loyalties. It demonstrates the influence of the deliberate strategies adopted by capitalists and of changes in the structure of global and Indian capitalism. Finally, it investigates the impact of capital-friendly liberalization on the fortunes of the working class in the third world.

Renowned economist and historian Amiya Kumar Bagchi is Director of the Institute of Development Studies, Kolkata, and has been Director of Centre for Studies in Social Sciences, Kolkata. He has authored Private Investment in India 1900–1939 (Cambridge University Press, 1972), The Political Economy of Underdevelopment (Cambridge University Press, 1982), Public Intervention and Industrial Restructuring in China, India and Republic of Korea (ILO, ARTEP), and a four-volume history of the State Bank of India, besides editing several scholarly volumes.