In this paper, the researchers revisit the relevance of the agrarian question of capital and provide evidence of the dynamism in agriculture based on an empirical enquiry. They study the possibilities, channels and patterns of agrarian accumulation and its spillover on the nonagrarian accumulation dynamics in an agriculturally advanced region lying in central India. Based on this empirical study, they posit that the agrarian question of capital remains important at a regional scale in India. By bringing the focus back on the question of capital, the paper maps the contemporary agrarian change processes as being linked to the process of generation of agrarian surplus and contributes to the debate on the relevance of the agrarian question of capital in the Global South.

Authors: Sunit Arora, Deepak K Mishra

The Indian economy, despite registering high growth, is characterised by a persistent and vast informal economy. Using it as an illustration, the researchers draw lessons for characterising labour markets in contexts of high informality. They employ a group-based statistical modelling method to identify whether there exist systematic patterns in the high volume of worker transitions across different employment arrangements. Using panel data for eight points between 2017 and 2019, they identify seven dominant labour market trajectories. The trajectory capturing stable formal salaried employment, with highest average earnings, accounts for only 6.7% of the sample. None of the dominant trajectories denote a job ladder from informal to formal work, and the sorting of individuals into informal trajectories is far from voluntary, indicating an existence of formal and informal segmentation. The most populous trajectory, comprising 38.4% of the sample, with second highest average income (although half of that of the formal salaried trajectory), is stable self-employment, followed by the trajectory representing transition within different forms of informal wage work at 27.2%. Most trajectory groups associated with informal wage arrangements have high flux, indicating lack of stability. Furthermore, trajectories associated with informal wage employment have even lower earnings than those with informal self-employment. Far from suggesting a desirability of informal self-employment, this is indicative of a breaking down of the expected voluntary transition from self to wage employment in the transformation process. Additionally, access to trajectories is stratified along various correlates, especially caste. Caste hierarchy operates most starkly at the node of accessing the trajectories, while in terms of penalties or gains in earnings, traditional caste-hierarchy may not always operate uniformly. The findings disrupt the standard expectation in structural transformation models and labour market theories, while highlighting the need to foreground evolving nature of informality in labour market models for developing economies.

Authors: Rosa Abraham, Surbhi Kesar

Reflecting a longstanding intellectual heritage in Marxist political economy, contributions to agrarian studies have variously referred to the production, distribution and extraction of value. Despite this central role within the heritage of agrarian studies, the concept of value is often used inconsistently between authors and sometimes deployed without clear elucidation of the underlying theoretical tenets. As such, value often tends to be used more as a metaphor suggestive of conditions of exploitation rather than a detailed conceptual framework. In response, we must ask if there is still a robust case for value analysis forming a foundational pillar of agrarian studies? To address this challenging question, we invited three authors to give their perspective on the value of value for agrarian studies. First and foremost, we asked them to consider what value analysis does that is otherwise missed in critical agrarian studies and how we can mobilise its potential to sharpen analyses. Two further pivotal questions arise, spurred on by recent trends in the literature. First, to what extent do the categories of value enrich or hinder our evolving understanding of the dynamics of social reproduction within agrarian households and communities, including the gendered relations through which agriculture and livelihoods are performed? Similarly, are the largely anthropogenic concepts of value fit for the purpose of explaining environmental change and the more-than-human dynamics through which agricultural landscapes are produced and change over time?

Authors: A Haroon Akram-Lodhi, Srishti Yadav, Alessandra Mezzadri, Marcus Taylor

This article aims to understand the methodological position that Marx takes in Capital Volume 1 and the implications of that on the individual units in his analysis. With the understanding that Marx adopts a fundamentally holist methodological standpoint, the article outlines how the individuals within classes and the system of capitalist production are measured and contextualised. This question is answered by examining Marx’s Capital Volume 1 as the primary text. Where relevant, the researcher engages with Marx’s intellectual background and tradition. The individual units discussed in this study are the commodity, the worker and the capitalist.

This article examines how the concept of the representative individual emerges through averaging and how this process unfolds in Marx’s Capital, shaped by his methodological approach. The article illustrates the method of averaging in Marx, through his intellectual engagement with Quetelet as it also focuses on Hegel’s influence on Marx’s method and elaborates on the parallels and divergences between them. With the given engagement with Capital and Marx’s intellectual interactions, the researcher arrives at a specific understanding of holism that can be attributed to Marx in Capital Volume 1.

Author: Sushmita Rama Subrahmanyam, Student, MA in Economics (2024−2026)

The consolidation of agricultural lands by dominant socio-economic groups is discussed in the context of contemporary debate on the land question by foregrounding market-led land transfers as a driver of accumulation in rural India. Empirically rooted in central India, the paper studies the commodification and increasing concentration of land as an outcome of the processes of agrarian change at work. 

The nature and extent of the under-representation of marginalised caste groups in enterprise ownership in India are examined. It is found that exclusion takes place in three distinct stages. First, the share of Scheduled Caste (SC), Scheduled Tribe (ST) or Other Backward Class (OBC) individuals in ownership of any enterprise is less than their share in the workforce. Second, among those who do engage in entrepreneurial activities, a disproportionately higher share of entrepreneurs from the marginalised identity groups are engaged in enterprises, which are not purely commercial and are likely to be subsistence-oriented. And finally, even within the owners of purely commercial enterprises, those from marginalised groups tend to be concentrated in the smaller enterprises and are severely under-represented in the larger and more productive ones.