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A History of Underdevelopment and Political Economy of Inflation in Sri LankaPlantations and the Rise of Merchant Cum Usurer Class during the British Rule in Sri Lanka

A History of Underdevelopment and Political Economy of Inflation in Sri Lanka: Plantations and... [The chapter explores historical conditions which assisted the rise of an exploitative merchant cum usurer class in the rural economy causing rural stratification along with the rise of Sri Lanka’s commercial bourgeoisie. It explores involvement of natives in coffee plantations whereas existing studies underscore arrack renting in the rise of commercial bourgeoisie. The chapter further illustrates how ancient Singhalese were able to reconcile uneven demand for labour in paddy agriculture by combining exchange labour system with equal division of water-supply to the fields through a centrally managed social organisation, which enabled the more or less permanent release of labour to non-agricultural pursuits. The rise of entrepreneurial bourgeoisie within the paddy economy of Sri Lanka and their lack of agency in capitalist transformation of paddy cultivation are also examined.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A History of Underdevelopment and Political Economy of Inflation in Sri LankaPlantations and the Rise of Merchant Cum Usurer Class during the British Rule in Sri Lanka

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References (12)

Publisher
Springer Singapore
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2020
ISBN
978-981-15-5663-0
Pages
85 –118
DOI
10.1007/978-981-15-5664-7_3
Publisher site
See Chapter on Publisher Site

Abstract

[The chapter explores historical conditions which assisted the rise of an exploitative merchant cum usurer class in the rural economy causing rural stratification along with the rise of Sri Lanka’s commercial bourgeoisie. It explores involvement of natives in coffee plantations whereas existing studies underscore arrack renting in the rise of commercial bourgeoisie. The chapter further illustrates how ancient Singhalese were able to reconcile uneven demand for labour in paddy agriculture by combining exchange labour system with equal division of water-supply to the fields through a centrally managed social organisation, which enabled the more or less permanent release of labour to non-agricultural pursuits. The rise of entrepreneurial bourgeoisie within the paddy economy of Sri Lanka and their lack of agency in capitalist transformation of paddy cultivation are also examined.]

Published: Jul 25, 2020

Keywords: Peasant pauperisation; Stratification; Native bourgeoisie; Agrarian capitalism; Surplus labour; Gamsaba system

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