'Intermediate Regime' and 'Intermediate Classes' Revisited: A Critical Political Economy of Indian Economic Development from 1980 to Hindutva
Abstract
The theory of Intermediate Classes and Regimes was originally developed by Kalecki in a general way as being relevant to many developing countries, recognised as relevant to India by K.N. Raj, fiercely and critically contested by Namboodiripad and Byres, but also refined and applied to conditions of stagnation by Jha. In this paper we re-evaluate this theory, first for the period for which it was intended and then for a period in which it predicts its own irrelevance. First, we examine the disappearance of class based political economy since liberalisation. We rediscover it tracing the genealogy of the concepts of intermediate classes and the intermediate regime, by criticising their theoretical and empirical weaknesses and flaws, and examining their strengths, mainly from a comparison with the New Political Economy. We use predictions derived from Kalecki-Jha to show how these notions fare in a period of growth and to trace the development of the 'crisis' of 1991 in terms of the factors central to the Kaleckian model. These factors, we argue, account for the differential stickiness of the economic reforms. Finally, we track the fate of the intermediate classes during the course of liberalisation in which their power should be comprehensively challenged and we speculate on the political and ideological responses (Hindutva and Swadeshi).Download Info
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.Bibliographic Info
Paper provided by Queen Elizabeth House, University of Oxford in its series QEH Working Papers with number qehwps34.
Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
Length:
Date of creation:
Date of revision:
Handle: RePEc:qeh:qehwps:qehwps34
Contact details of provider:
Postal: Queen Elizabeth House 3 Mansfield Road, Oxford, OX1 3TB United Kingdom
Phone: +44 (1865) 281800
Fax: +44 (1865) 281801
Email:
Web page: http://www.qeh.ox.ac.uk/
More information through EDIRC
For corrections or technical questions regarding this item, or to correct its listing, contact: (Rachel Crawford).
Related research
Keywords:This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-07-04 (All new papers)
- NEP-DEV-2002-07-04 (Development)
- NEP-HIS-2000-03-06 (Business, Economic & Financial History)
References
No references listed on IDEASYou can help add them by filling out this form.
Citations
Lists
This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.Statistics
Access and download statisticsCorrections
When requesting a correction, please mention this item's handle: RePEc:qeh:qehwps:qehwps34For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rachel Crawford).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.