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High Non-Wage Employment in India: Revisiting the ‘Paradox’ in Capitalist Development

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  • Roy, Satyaki

Abstract

High non-wage employment persisting with high growth appears to be a paradox in capitalist development because commoditisation of labour power assuming the form of wage labour is specific to capitalism and the sole source of surplus value. This paper, drawing from various strands of Marxian literature, argues that capitalism never existed in isolation in ‘pure’ and pristine form, and the fundamental class process of surplus production is constituted by subsumed class processes and non-class processes that involve non-capital in several moments. Although the interaction of capital with the non-capitalist space signifies a confluence of separate processes, it overdetermines the existence and stability of capitalism by a complex dialectics of force and persuasion involving economic, political and ideological determinations.

Suggested Citation

  • Roy, Satyaki, 2010. "High Non-Wage Employment in India: Revisiting the ‘Paradox’ in Capitalist Development," MPRA Paper 35902, University Library of Munich, Germany, revised Apr 2011.
    • Handle: RePEc:pra:mprapa:35902
    as

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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    capitalism; non-wage employment; class process;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian

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