{"product_id":"capital-shortage-credit-and-indian-economic-development-1920-1960-paperback-softback-9781009359047","title":"Capital Shortage; Credit and Indian Economic Development, 1920–1960 (Paperback \/ softback) 9781009359047","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eCapital Shortage\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eCredit and Indian Economic Development, 1920–1960\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eBridging history and development, a study of credit scarcity, low investment and widespread poverty in colonial and postcolonial India.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eMaanik Nath (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781009359047, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 8 May 2025\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e248 pages\u003cbr\u003e22.9 x 15.2 x 1.3 cm, 0.364 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThe great majority of the population in colonial and postcolonial India lived in the countryside and were poor. Many were unable to find gainful work outside agriculture and remained dependent on a livelihood that provided only subsistence, and a precarious one. Seeking the roots of persistent poverty, Maanik Nath finds that the pervasive high cost and shortage of capital affected the peasant's ability to invest in land. The productivity of land, as a result, remained small and changed little. Bridging economic theory and historical evidence, Capital Shortage shows that climate, law, policy design, and interactions between these factors, perpetuated a stubborn cycle of low investment and widespread deprivation over several decades. These findings can be tested against credit and development in preceding and succeeding periods as well as positioned in comparative global context.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e1. Introduction\u003cbr\u003e 2. Agriculture, commerce and governance in the Longue Durée\u003cbr\u003e 3. Climate and credit\u003cbr\u003e 4. Courts and credit\u003cbr\u003e 5. Regulating moneylenders\u003cbr\u003e 6. Regulating cooperatives\u003cbr\u003e 7. Credit after 1960\u003cbr\u003e 8. Conclusion\u003cbr\u003e Epilogue: risk and regulation across colonial India.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Economic history [\u003ca title=\"See our other books on Economic history\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economic%20history%20%5BKCZ%5D%22\"\u003eKCZ\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Brand New","offer_id":52413990928664,"sku":"9781009359047","price":26.37,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781009359047i.jpg?v=1784334098","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/capital-shortage-credit-and-indian-economic-development-1920-1960-paperback-softback-9781009359047","provider":"Freshly Printed Books","version":"1.0","type":"link"}