ABSTRACT
For the majority of today’s states, development means or has meant developing under the conditions of a monetary economy. In other theoretical contexts, these are referred to as marketeconomy or capitalist conditions. The choice of concepts is of course fraught with consequences. It will condition the decisions made concerning both choice and treatment of the development subject and they, in turn, will determine which problems are identified as relevant. This link between development theory and economic categorization will be examined systematically in the first part of this study. Part Two will then attempt to show how new insights into various problems of India’s development already discussed in the literature can be gained if they are regarded as problems associated with development under the conditions of a monetary economy.
