Land Reform and Economic Development in China: A Study of Institutional Change and Development Finance

This title was first published in 1975: The question of development finance in underdeveloped countries is ultimately one of the use of the surplus: how can a significant part of that share of national income above a nation’s culturally determined subsistence requirem ents be channeled into investment ? In every society an elaborate system of claims on the surplus exists, whether as a m aterial expression of the fealty owed to elders and chiefs in tribal society or the rent, interest, and profits due the owners of capital in capitalist society. Part of a revivals collection.