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Class and ConflictRevisiting Pranab Bardhan's Political Economy of India$
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Elizabeth Chatterjee and Matthew McCartney

Print publication date: 2020

Print ISBN-13: 9780199499687

Published to Oxford Scholarship Online: April 2020

DOI: 10.1093/oso/9780199499687.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use.date: 05 July 2022

Revisiting The Political Economy of Development in India

Revisiting The Political Economy of Development in India

(p.3) 1 Revisiting The Political Economy of Development in India
(p.iii) Class and Conflict

Elizabeth Chatterjee

Matthew McCartney

Oxford University Press

Pranab Bardhan’s 1984 book The Political Economy of Development in India (PEDI) has had enduring influence. For students of Indian political economy it quickly became a scholarly touchstone. In the years since publication, however, political economy has fallen out of favour in South Asian studies. The contributors to this volume revive class analysis to interrogate India’s great transformation since the 1980s. This chapter outlines Bardhan’s key analytical tools, his innovative fusion of Marxist and rational-choice theory, and his diagnosis of India’s deep collective-action problems as a result of fierce competition between dominant classes. It then surveys the chapters that follow, which together find striking continuities in contemporary Indian political economy in the face of three decades of liberalization.

Keywords:   political economy, state–society relations, class analysis, liberalization, collective action, bureaucracy, corporate sector, economic growth, India

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