Capital and Labour Redefined: India and the Third World

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Capital and Labour Redefined is a volume of essays that gives the historical background of the formation of the Indian capitalist class from before the time of British colonial rule in India. It also analyses the nature of that class and the changes in it under colonialism and the state of independent India. It situates some of the peculiarities of capitalist organization in India and the ideology of capital in their historical context. The evolution of the conditions of the working class in India is analysed in its dialectical interaction with global capital as well as Indian capitalism. The book challenges the view that the tensions caused within working-class movements by caste or communal divisions or by gender discrimination are to be attributed to primordial loyalties, and demonstrates the influence of the deliberate strategies adopted by capitalists and of changes in the structure of global and Indian capitalism. Finally, it investigates the impact of capital-friendly liberalization on the fortunes of the working class in the third world.

ABOUT THE AUTHOR Amiya Kumar Bagchi

Renowned economist and historian Amiya Kumar Bagchi was educated at Presidency College, Calcutta, and Trinity College, Cambridge, UK. He has taught and researched at Presidency College, Calcutta; University of Cambridge, UK; Cornell University USA; University of Bristol, UK; Maison des Sciences de l'Homme, Paris; Roskilde University, Denmark; and University of Naples, Italy. He has been director of the Centre for Studies in Social Sciences, Calcutta. Professor Bagchi has authored Private Investment in India 1900-1939 (Cambridge University Press, 1972), The Political Economy of Underdevelopment (Cambridge University Press, 1982), Public Intervention and Industrial Restructuring in China, India and Republic of Korea (ILO, ARTEP), and a four-volume history of India's oldest and biggest commercial bank, State Bank of India (published by Oxford University Press and Sage). He has edited, among others, the following volumes: (with Nirmala Banerjee) Change and Choice in Indian Industry (1981), New Technology and the Workers'Response (1995), Economy and Organization: Indian Institutions under the Neo-liberal Regime (1999), Democracy and Development (1995), and (with R. Bhargava and RL Sudarshan) Multiculturalism, Liberalism and Democracy (1999).