Dominant Classes and the State in Development: Theory and the Case of India

Why does capitalist development give rise to political alliances between the state and certain economically dominant classes? Addressing this question, Professor Banerjee uses an evolutionary approach to social structure to develop a theory of the interaction within and among business and manufacturing firms--a theory that highlights those aspects of market processes that promote the formation of dominant economic classes. Structural-evolutionary conceptions of property relations and of sta...