ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Pre-Capitalist Markets

has grown and social inequality has deepened.
The author has raised a fundamental issue at the end of the book on the relevance of the state to development, which has been debated at length [Banerjee 1995]. As the author observes, the state, as an institution, is increasingly coming under attack since its coherence and accountability have diminished due to the involvement of political leaders in the 'politics of survival'.

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