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India and the great divergence: assessing the efficiency of grain markets in eighteenth- and nineteenth-century India

Studer, Roman (2008) India and the great divergence: assessing the efficiency of grain markets in eighteenth- and nineteenth-century India. Journal of Economic History, 68 (02). ISSN 0022-0507

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Abstract

By analyzing a newly compiled data base of grain prices, this article finds that prior to the nineteenth century the grain trade in India was essentially local, while more distant markets remained fragmented. It was only in the second half of the nineteenth century that these premodern structures were transformed, and a national grain market had emerged. In the Great Divergence debate, the California School's claim that early modern “Asia” reached a similar stage of economic development as early modern Europe is therefore rejected for India.

Item Type: Article
Official URL: http://journals.cambridge.org/action/displayJourna...
Additional Information: © 2008 Economic History Association
Library of Congress subject classification: H Social Sciences > HD Industries. Land use. Labor
Sets: Departments > Economic History
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 10 Feb 2011 15:16
URL: http://eprints.lse.ac.uk/32450/

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