Public Expenditure and Indian Development Policy 1960-70 by J. F. J. Toye PDF

By J. F. J. Toye

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128, n. 1. 21 22 General Kaleckian notion of an 'intermediate regime' based on the dominance of the lower middle class2), it would scarcely be in a position to use the state merely as an instrument of its dominance. 3 In comparison with the European paradigm, the state apparatus inherited by independent India was overdeveloped in relation to the social and economic strength of any indigenous class. So it had, and still retains, some power to act independently of the specific interests of any domestic class.

There are other methods of surplus creation, such as bringing unemployed labour and land into use or the introduction of changes in technique which are not capitalaugmenting. But their efficiency in expanding the surplus without capital accumulation has always been taken to be rather limited. ' 13 14 General Is the state accumulation policy a 'progressive' one, and one that ought to be supported? Formally, a policy of capital accumulation that is undertaken by the state can be justified by listing the advantages which, hypothetically, the state enjoys over households to private firms in the role of accumulation agent.

It would dismiss the other three accounts as, respectively, idealistic, hedonistic and voluntaristic errors. It follows that non-European nationalism has different meanings from the nationalisms of European history. Nationalism in India is not the same slow, interpenetrating development of capitalism and consolidation of state sovereignty which occurred in pre-industrial Europe. Nor is it a programme of political self-determination for groups united by language and culture, of the kind so widely espoused in nineteenth- and early-twentieth-century Europe.

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