Constitution and Erosion of a Monetary Economy: Problems of India's Development since Independence, Vol. 3 Book

	Abbreviations
	Summary	1
Pt. I	Theory of Development under Conditions of a Monetary Economy	1
1	Money in Development Theory	8
1.1	Definitions and Methodology	9
1.2	Money and the Monetary Economy in Different Schools of Development Theory	13
1.3	The Role of Money in Monetary-Keynesian Theory	30
2	Development under Conditions of a Monetary Economy	42
2.1	The Problem of Constitution	42
2.2	The Dilemma of Development under Conditions of a Monetary Economy	61
2.3	The Role of Government	100
3	Implications for Development Policy	115
3.1	World-Market Integration as a Means of Developing Domestic Markets	116
3.2	Macropolicy as a Means of Developing Domestic Markets	123
3.3	The Financial Sector in Monetary Development	131
Pt. II	India's Monetary Economy since Independence	142
4	The Development of the System of Economic Policy	142
4.1	Phases of Development since Independence	145
4.2	The Regime of India's Monetary Economy	161
5	Problems of India's Development as a Monetary Economy	173
5.1	Stagnant Income Generation	174
5.2	Repressed Inflation	199
5.3	Disintegration of the Financial System	211
6	Ways out of India's Monetary Crisis	236
6.1	Macroeconomic Stabilization via Sustained Reform Policy	238
6.2	The Adjustment Program and its Mid-Term Prospects	240
6.3	Currency Reform as a Prerequisite of Macroeconomic Stabilization	250
	Notes	258
	Annex	283
A	Development of Economic Indicators	285
B	Money and Credit	290
C	The Government Budget	294
	Bibliography	298