Money & Credit in Indian History

From Early Medieval Times

Edited by Amiya Kumar Bagchi


Tulika Books, 2002

Language: English

272 pages

Price INR 270.00
Book Club Price INR 200.00

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The papers presented in this volume arise out of the session on money, banking and finance, organized under the auspices of the Indian History Congress, Kolkata, 2000.

In most historical periods in India, groups of people have been engaged in exchanges of their products, with money being extensively used as a medium of exchange. There is no point, however, trying to define who exactly were the bankers, or bankers and money-changers, or bankers, merchants and money-changers rolled into one, without specifying the context.

The essays in this volume specify the contexts in which apparently similar institutions of money and credit functioned in very different ways, and thus alert us to the infinite potential of human ingenuity. Further, they tell us something about the way the use of particular institutions has a perceptible influence on the evolution of the larger society.

Amiya Kumar Bagchi

Amiya Kumar Bagchi is the founder Director and Professor of Economics, Institute of Development Studies Kolkata. He was formerly Reserve Bank of India Professor of Economics and Director, Centre for Studies in Social Sciences, Calcutta. His books on finance and investment include Private Investment in India 1900–1939 (1972); The Evolution of the State Bank of India, Vol. I: The Roots 1806–1876 (2006) and Vol. II: The Era of the Presidency Banks and the Indian Economy 1876–1914 (1989). He also edited Money and Credit in Indian History: From Early Medieval Times (2002).