Political economy of poverty
- Hyderbad Orient Longman. 1990
- 71 p.
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.