Analytics of Agriculture-Industry Relation

Krishna Bharadwaj This paper draws a contrast between two alternative theoretical approaches to the study of the agricultureindustry relation. It is shown how the political economy framework adapted itself flexibily to incorporate the varying institutional conditions within which operate the processes of generation, appropriation, distribution and utilisation of'surplus'. By contrast, the neoclassical paradigm focuses onresources by atomistic 'agents' acting on competitive markets.