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Political economy of poverty

By: Material type: TextTextPublication details: Hyderbad; Orient Longman.; 1990Description: 71 pISBN:
  • 863110908
Subject(s): DDC classification:
  • 339.46 RAN
Summary: The author, in this lecture, argues that in a developing economy, while the dominance of traders' and usurers' capital tends to constrain growth of productive forces, policy intervention by the state, with its rich farmers' bias, has further weakened the disadvantaged sections. This argument has to be considered in a situation where landownership is not fully modified by capitalist production so that the direct producer in the rural areas is not transformed into wage-labourer and rent is a surplus in its own right.
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The author, in this lecture, argues that in a developing economy, while the dominance of traders' and usurers' capital tends to constrain growth of productive forces, policy intervention by the state, with its rich farmers' bias, has further weakened the disadvantaged sections. This argument has to be considered in a situation where landownership is not fully modified by capitalist production so that the direct producer in the rural areas is not transformed into wage-labourer and rent is a surplus in its own right.

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