Economics: A Primer for India

✍ Scribed by G. Omkarnath

• Year: 2016
• Tongue: English
• Leaves: 286
• Edition: 2
• Category: Library

✦ Synopsis

Economics: A Primer For India is a guide that has been customized for students pursuing their undergoing undergraduate courses in economics.

OCRed.Scanned this book via phone, so there are some drawbacks in clarity, still, it's very readable.

All the best, Inquilab Zindabad!

✦ Table of Contents

‎P art I
1
T H E EC O N O M IC ST R U C T U R E O F S O C IE T Y
B asic E co n o m ic Processes 3
1.1 Introduction 3
1.2 National income: A preliminary view 4
1.3 Basic economic processes 7
1.4 The economy 9
1.5 Plan of the primer 11
2 The System o f P rod u ction 15
2.1 The system of production 15
2.2 National income 21
2.3 Labour force 30
2.4 Productivity 36
3 The System o f M arkets 4 3
3.1 Viabili ty o f production 43
3.2 The role o f the market 46
3.3 The market for primary products 56
3.4 The market for manufactures 67
3.5 The market for labour 74
3.6 The market for exports 87
vi Contents
4
The System o f M oney an d F in a n ce 93
4.1 Monetary medium 93
4.2 The stock of money 94
4.3 Money as wealth 101
4.4 The financial system 103
4.5 Savings and investment 108
4.6 Financial markets 110
4.7 Financial regulation 117
P art II T H E PR O C ESS O F E C O N O M IC G R O W T H
5 G row th and D em an d 123
5.1 Meaning and measure of growth 124
5.2 Growth as a cumulative process 130
5.3 Economic growth and demand 133
5.4 Supply-side constraints on growth 138
5.5 Policies for economic growth 140
6 Industrialisation and G row th 156
6.1 Introduction 156
6.2 Choices and instruments 157
6.3 General outcome 161
6.4 Constraints on growth 167
6.5 Easing the constraints 176
Appendix: Colonial Impact 188
7 Liberalisation and G row th 199
7.1 Introduction 199
7.2 Antecedents 200
7.3 The process of reform 203
7.4 Quality of growth 213
8 Petty P ro d u ctio n and Poverty 216
8.1 Introduction 216
8.2 The concept of petty production 217
8.3 Labour in petty production 221
Contents vii
8.4 Capital in petty production 227
8.5 Some implications 232
Appendix 243
P art III A D D EN D A
9 M on itorin g the Indian Econ om y 2 4 9
9.1 Activity and employment 250
9.2 Prices and financial stability 252
9.3 Credit, savings and investment 254
9.4 Financial markets 255
10 E co n o m ic T heory: A n O rien tation 2 5 7
10.1 Nature of economic theory 257
10.2 Divisions of economic theory 260
10.3 The development o f economic theory 262
10.4 Goodness of theory