Interaction between Merchant Capital and Industrial Capital-A Theoretical Study

and Industrial Capital A Theoretical Study Ajit K Chaudhury Raghabendra Chattopadhyay This paper develops a model that analyses the interaction between merchant's capital and industrial capital in a transitional society involving different modes of production. The model has been developed in terms of market relations. The object is to examine the circumstances under which market forces tend to hinder the growth of industrial capital in a transitional society. The possible non market forces that can release the forces of production have also been examined.