The different structures of production and exchange prevalent in a developing economy and their interrelationship with the dynamics of accumulation are the focus of this book. By combining principles of classical political economy with specific studies of the Indian economy, particularly agriculture, the author shows how a meaningful theory of development can be formulated. Part One delineates the contrasting structures of classical political economy and the now dominant 'neoclassical' theory. Part Two explores the structure of the Indian agrarian economy and includes Professor Bharadwaj's seminal idea of 'interlinked markets'. Part Three raises issues on the contradictory course of Indian development.

Introduction PART ONE: THE ACCUMULATION VIEW Production and Exchange in Theories of Price Formation and Economic Transition Analytics of Agriculture-Industry Relation Alternative Analytical Paradigms in Theories of Development PART TWO: PROCESSES OF PRODUCTION AND EXCHANGE IN THE AGRARIAN ECONOMY Notes on Farm Size and Productivity On the So-Called Technical Relations in Agriculture Tenurial Conditions and Mode of Exploitation

A Study of Some Villages in Orissa (with P K Das) A View on Commercialisation in Indian Agriculture and the Development of Capitalism Towards a Macroeconomic Framework for a Developing Economy

The Indian Case PART THREE: THE COURSE OF DEVELOPMENT Agricultural Price Policy for Growth

The Emerging Contradictions On the Formation of the Labour Market Paradigms in Development Theory

Plea for a 'Labour-ist' Approach