British Economic Thought And India 1600 1858

In existence for 258 years, the English East India Company ran a complex, highly integrated global trading network. It supplied the tea for the Boston Tea Party, the cotton textiles used to purchase slaves in Africa, and the opium for China’s nineteenth-century addiction. In India it expanded from a few small coastal settlements to govern territories that far exceeded the British Isles in extent and population. It minted coins in its name, established law courts and prisons, and prosecuted wars with one of the world’s largest armies. Over time, the Company developed a pronounced and aggressive colonialism that laid the foundation for Britain’s Eastern empire. A study of the Company, therefore, is a study of the rise of the modern world. In clear, engaging prose, Ian Barrow sets the rise and fall of the Company into political, economic, and cultural contexts and explains how and why the Company was transformed from a maritime trading entity into a territorial colonial state. Excerpts from eighteen primary documents illustrate the main themes and ideas discussed in the text. Maps, illustrations, a glossary, and a chronology are also included.

The history of Indian economic thought provides rich insights into both economic issues and the workings of the Indian mind. A History of Indian Economic Thought provides the first overview of economic thought in the sub-continent. Arguing that it would be inappropriate to rely on formal economic analyses it draws on a wide range of sources; epics, religious and moral texts for the early period and public speeches, addresses, and newspaper articles for controversies from the nineteenth century onwards. What emerges is a rich mosaic reflecting India's different cultures and civilizations. Hinduism, Buddhism and Islam all address economic issues and British colonial rule had a deep impact, both in propagating Western economic ideas and in provoking Indian theories of colonialism and underdevelopment. The author concludes with chapters on Ghandian economics and on Indian economic thought since Independence.

This book employs a wide range of perspectives to demonstrate how the East India Company facilitated cross-cultural interactions between the English and various groups in South Asia between 1600 to 1857 and how these interactions transformed important features of both British and South Asian history. Rather than viewing the Company as an organization projecting its authority from London to India, the volume shows how the Company’s history and its broader historical significance can best be understood by appreciating the myriad ways in which these interactions shaped the Company’s story and altered the course of history. Bringing together the latest research and several case studies, the work includes examinations of the formulation of economic theory, the development of corporate strategy, the mechanics of state finance, the mapping of maritime jurisdiction, the government and practice of religions, domesticity, travel, diplomacy, state formation, art, gift-giving, incarceration, and rebellion. Together, the essays will advance the understanding of the peculiarly corporate features of cross-cultural engagement during a crucial early phase of globalization. Insightful and lucid, this volume will be useful to scholars and researchers of modern history, South Asian studies, economic history, and political studies.

First Published in 2000. Routledge is an imprint of Taylor & Francis, an informa company.

Study of the grand ideas in economics has a perpetual intellectual fascination in it’s own right. It can also have practical relevance, as the global economic downturn that began in 2007 reminds us. For several decades, the economics establishment had been dismissive of Keynesianism, arguing that the world had moved beyond the “depression economics” with which it dealt. Keynesian economics, however, has now staged a comeback as governments attempt to formulate policy responses to the Great Recession of the first decade of the twenty-first century. Many of the issues that faced economists in the past are still with us. The theories and methods of such men as Adam Smith, T. R. Malthus, David Ricardo, J.S. Mill, Karl Marx, Alfred Marshall, and J. M. Keynes are often relevant to us today—and we can always learn from their mistakes. In his stimulating analysis Professor Barber assesses the thought of a number of important economists both in terms of the issues of their day and in relation to modern economic thought. By concentrating on the greatest exponents he highlights the central properties of the four main schools of economic thought – classical, Marxian, neo-classical, and Keynesian – and shows that although each of these traditions is rooted in a different stage of economic development, they can all provide insights into the recurring problems of modern economics.

The volumes in this set, originally published between 1925 and 1990, draw together research by leading academics in the area of the history of economic thought. The volumes encompass many different schools of economic thought, with a focus on individual economic thinkers such as Friedrich Hayek, Adam Smith and Piero Sraffa. This set will be of interest to students of economics, particularly students of the history of economic thought.