""Discusses the specific relationship between state and capital in forging the dynamic role of institutions of the state and market that form the basis of capital accumulation in economies undergoing transition"--Provided by publisher"--

In Stages of Capital, Ritu Birla brings research on nonwestern capitalisms into conversation with postcolonial studies to illuminate the historical roots of India’s market society. Between 1870 and 1930, the British regime in India implemented a barrage of commercial and contract laws directed at the “free” circulation of capital, including measures regulating companies, income tax, charitable gifting, and pension funds, and procedures distinguishing gambling from speculation and futures trading. Birla argues that this understudied legal infrastructure institutionalized a new object of sovereign management, the market, and along with it, a colonial concept of the public. In jurisprudence, case law, and statutes, colonial market governance enforced an abstract vision of modern society as a public of exchanging, contracting actors free from the anachronistic constraints of indigenous culture. Birla reveals how the categories of public and private infiltrated colonial commercial law, establishing distinct worlds for economic and cultural practice. This bifurcation was especially apparent in legal dilemmas concerning indigenous or “vernacular” capitalists, crucial engines of credit and production that operated through networks of extended kinship. Focusing on the story of the Marwaris, a powerful business group renowned as a key sector of India’s capitalist class, Birla demonstrates how colonial law governed vernacular capitalists as rarefied cultural actors, so rendering them illegitimate as economic agents. Birla’s innovative attention to the negotiations between vernacular and colonial systems of valuation illustrates how kinship-based commercial groups asserted their legitimacy by challenging and inhabiting the public/private mapping. Highlighting the cultural politics of market governance, Stages of Capital is an unprecedented history of colonial commercial law, its legal fictions, and the formation of the modern economic subject in India.

In this book, Kalyan Sanyal reviews the traditional notion of capitalism and propounds an original theory of capitalist development in the post-colonial context. In order to substantiate his theory, concepts such as primitive accumulation, governmentality and post-colonial capitalist formation are discussed in detail. Analyzing critical questions from a third world perspective such as: Will the integration into the global capitalist network bring to the third world new economic opportunities? Will this capitalist network make the third world countries an easy prey for predatory multinational corporations? The end result is a discourse, drawing on Marx and Foucault, which envisages the post-colonial capitalist formation, albeit in an entirely different light, in the era of globalization.

An interdisciplinary, engaging book which looks at the nature of Indian society since Independence. By focusing on the Doon school, a famous boarding school in India, it unpacks what post-colonialism means to Indian citizens.

Postcolonial theory has become enormously influential as a framework for understanding the Global South. It is also a school of thought popular because of its rejection of the supposedly universalizing categories of the Enlightenment. In this devastating critique, mounted on behalf of the radical Enlightenment tradition, Vivek Chibber offers the most comprehensive response yet to postcolonial theory. Focusing on the hugely popular Subaltern Studies project, Chibber shows that its foundational arguments are based on a series of analytical and historical misapprehensions. He demonstrates that it is possible to affirm a universalizing theory without succumbing to Eurocentrism or reductionism. Postcolonial Theory and the Specter of Capital promises to be a historical milestone in contemporary social theory.

State formation in post-colonial societies differed greatly from the formation of the Western capitalist state. The latter has been extensively studied, while a coherent grasp of the post-colonial state has remained elusive. Amin-Khan provides a critical historical and contemporary understanding of post-colonial state formations in Asia and Africa, and suggests how this process differed from the formation of states in Latin America. In distinguishing between the post-colonial state and the Western capitalist state, the author argues that the unitary colonial state left a strong legacy on the decolonized states of Asia and Africa, reinscribing their subordination vis-à-vis Western states, transnational corporations and multilateral institutions. The indigenous elites' decision at the time of decolonization to retain colonial state structures meant the readaptation of capitalism-imperialism nexus to suit new post-colonial realities, which enabled the formation of clientelist relationships. This post-colonial reality and exploration of the contemporary context provides the basis of analyzing two post-colonial state forms, the capitalist and proto-capitalist varieties, which are examined using the case studies of India and Pakistan.

The manifestation of the colonial nation-state as a legal-bureaucratic-police structure – an exploitation tool – undermined customary modes of governance in colonies. When post-World War II independence of colonies transferred ownership of the state structure to the colonized elite, electoral and civil society politics battled for capture of this post-colonial state. Meanwhile, the state was also forced to build its legitimacy in the face of customary governance practices seeking rehabilitation and decolonization in the midst of civil wars and strife. This "state-building social movement" was further complicated with the global spread of neoliberalism and neocolonialism, and herein lies the significant difference between the post-colonial nation-state and the Western nation-states. This book fills the gap in literature and argues that it is necessary to foreground discussions of the nature of the post-colonial nation-state in examining resistance and provides a window into the dynamics of the post-colonial state and its implication in everyday organizing and resistance.