Understanding Public Debt

domination: technological stagnation, wasteful use of land, reliance on controlled supply of cheap labour are not characteristics of feudal forms so much as of the workings of the most modern capitalist organisations. Feder's argument is to a large extent based on a recently published case study, a book which may be much more accessible to Indian readers than the expensive Harle Volume, and the difficulties with his position also emerge from a reading of this.