The analytics of the agriculture-industry relation
The theoretical perceptions and approaches to the agriculture-industry relation in economic and development theory are outlined with a contrast drawn between two alternative theoretical approaches. The paper first traces how the political economy framework adapted itself flexibly to incorporate the varying institutional conditions within which operate the processes of generation, distribution and utilization of 'surplus'. The predominance of agriculture, era of manufacture (Smith and Ricardo), capital-labour relations (Marx) are described. This approach is then contrasted with the neoclassical paradigm which focuses on relative-price-guided-allocation of scarce resources by atomistic 'agents' acting on competitive markets. c CAB International
Main Authors: | 48808 Bharadwaj, K., 131656 Williamson, J.G., 102983 Panchamukhi, V.R., 34008 8. World Congress of the International Economic Association New Delhi (India) 1988 |
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Format: | Texto biblioteca |
Language: | eng |
Published: |
Basingstoke, Hamshire (RU) Macmillan
1988
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