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Commodity and Credit in Upland Maharashtra, 1800-1950
Economic and Political Weekly
Vol. 22, No. 52 (Dec. 26, 1987), pp. A126-A134+A136+A138+A140
Published by: Economic and Political Weekly
Stable URL: http://www.jstor.org/stable/4377911
Page Count: 12
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A particular structure of commodity production arose as a consequence of tax-demands in late eighteenth century Maharashtra and generated a need for credit without which production and, consequently, both the productive and the unproductive classes would suffer. A flow of credit did result as a result. The real change came when another market came into operation: that in land. Now an additional, and tangible, security was available, and the moneylender could reduce his costs and extend his operations by relying on it.
Economic and Political Weekly © 1987 Economic and Political Weekly