Money & Credit in Indian History: From Early Medieval Times

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The papers presented in this volume arise out of the session on money, banking and finance, organized under the auspices of the Indian History Congress, Kolkata, 2000. In most historical periods in India, groups of people have been engaged in exchanges of their products, with money being extensively used as a medium of exchange. There is no point, however, trying to define who exactly were the bankers, or bankers and money-changers, or bankers, merchants and money-changers rolled into one, without specifying the context. The essays in this volume specify the contexts in which apparently similar institutions of money and credit functioned in very different ways, and thus alert us to the infinite potential of human ingenuity. Further, they tell us something about the way the use of particular institutions has a perceptible influence on the evolution of the larger society.

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).