The agrarian barrier to industrial growth

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• Centre for Development Studies, Trivandrum and Yale University, Department of Economics, New Haven. This is a revised version of a paper originally read at the seminar on Marx, Schumpeter and Keynes at New Delhi in January 1984 and subsequently discussed at Erasmus University, Rotterdam; Institute of Social Studies, The Hague and Yale University, New Haven. I am grateful to the participants at these discussions and especially Ashok Nag, Shakti Padhi, Gustav Ranis, Ashwani Saith, Frances Stewart and Michael Tharakan for their comments on an earlier draft.
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