Book contents
- Capital Shortage
- Cambridge Studies in Economic History
- Capital Shortage
- Copyright page
- Contents
- Figures
- Tables
- Acknowledgments
- 1 Introduction
- 2 Agriculture, Commerce and Governance in the Longue Durée
- 3 Climate and Credit
- 4 Courts and Credit
- 5 Regulating Moneylenders
- 6 Regulating Cooperatives
- 7 Credit after 1960
- 8 Conclusion
- Epilogue
- Bibliography
- Index
1 - Introduction
Published online by Cambridge University Press: 08 September 2023
- Capital Shortage
- Cambridge Studies in Economic History
- Capital Shortage
- Copyright page
- Contents
- Figures
- Tables
- Acknowledgments
- 1 Introduction
- 2 Agriculture, Commerce and Governance in the Longue Durée
- 3 Climate and Credit
- 4 Courts and Credit
- 5 Regulating Moneylenders
- 6 Regulating Cooperatives
- 7 Credit after 1960
- 8 Conclusion
- Epilogue
- Bibliography
- Index
Summary
Summary: Rural India has faced a persistent credit problem. High credit prices and harsh borrowing conditions perpetuated underdevelopment in colonial times and continues to affect the livelihoods of millions today. Whereas development economists have approached the rationale behind these lending arrangements in modern times, history of the lender’s strategies and actions in rural India has received little attention. This chapter constructs the framework applied in the rest of the book, drawing from economic theory and situating the puzzle of credit constraints in colonial India against credit and development in regional and global economic history.
- Type
- Chapter
- Information
- Capital ShortageCredit and Indian Economic Development, 1920–1960, pp. 1 - 13Publisher: Cambridge University PressPrint publication year: 2023