Capital and Labour Redefined

This book provides a historical background to the formation of the Indian capitalist class from before British colonial rule in India. It analyses the nature of that class, the ways in which it changed under colonial rule, and the state of independent India; it also sets some of the peculiarities of capitalist organization in India and the ideology of big capital in their historical context.

Amiya Kumar Bagchi is the RBI Professor of Economics at the Centre for Studies in Social Sciences in Calcutta.