Behaviour of the System over Time

  • Asim K. Dasgupta


In this chapter, the model as developed in the last section, is now used to analyse the special problem of capital accumulation is this agriculture. It is found that given an unequal distribution of income and wealth, and related imperfection of credit market, such agriculture can show a tendency to approach a state of zero rate of capital accumulation under certain plausible conditions, and this can be accompanied by a process of immiseration of family farms.


Zero rate of capital accumulation Immiseration of family farms 


  1. Bagchi, A. K. (2015). Perilous Passage. Lanham, MD: Rowman & Littlefield.Google Scholar
  2. Bhaduri, A. (1983). The Economic Structure of Backward Agriculture. London: Academic Press.Google Scholar

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© The Author(s) 2018

Authors and Affiliations

  • Asim K. Dasgupta
    • 1
    • 2
  1. 1.Former Finance MinisterWest BengalIndia
  2. 2.Former Professor of EconomicsCalcutta UniversityWest BengalIndia

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