Study of the impact of Britain's economic and financial crises on currency and monetary policy-making in India between the wars, analysing colonial policies during Anglo-US efforts to reconstruct the international financial system and Britain's struggle to restore the pre-eminence of sterling and the City.
The functioning of the gold standard has recently been at the heart of explanations of the interwar depression, particularly as a result of the research of Professors Barry Eichengreen and Peter Temin. In The World Economy and National Economies in the Interwar Slump the interaction between the gold standard and the Great Depression in seven countries is examined by an international team of economists and economic historians. The editor's introduction critically evaluates the Eichengreen-Temin thesis and Eichengreen and Temin themselves contribute an Afterword.
At Indian independence in 1947, the country’s founders worried that the army India inherited—conservative and dominated by officers and troops drawn disproportionately from a few “martial” groups—posed a real threat to democracy. They also saw the structure of the army, with its recruitment on the basis of caste and religion, as incompatible with their hopes for a new secular nation. India has successfully preserved its democracy, however, unlike many other colonial states that inherited imperial “divide and rule” armies, and unlike its neighbor Pakistan, which inherited part of the same Indian army in 1947. As Steven I. Wilkinson shows, the puzzle of how this happened is even more surprising when we realize that the Indian Army has kept, and even expanded, many of its traditional “martial class” units, despite promising at independence to gradually phase them out. Army and Nation draws on uniquely comprehensive data to explore how and why India has succeeded in keeping the military out of politics, when so many other countries have failed. It uncovers the command and control strategies, the careful ethnic balancing, and the political, foreign policy, and strategic decisions that have made the army safe for Indian democracy. Wilkinson goes further to ask whether, in a rapidly changing society, these structures will survive the current national conflicts over caste and regional representation in New Delhi, as well as India’s external and strategic challenges.
Historical debates about capitalism, unfreedom and primitive accumulation suggest Marxism accepts that, where class struggle is global, capitalists employ unfree workers. Labour-power as commodity means the free/unfree distinction informs the process of becoming, being, remaining, and acting as a proletariat.