Railroads, Prices, and Peasant Rationality: India 1860–1900

  title={Railroads, Prices, and Peasant Rationality: India 1860–1900},
  author={Michelle Burge McAlpin},
  journal={The Journal of Economic History},
  pages={662 - 684}
  • M. McAlpin
  • Published 1 September 1974
  • Economics, History
  • The Journal of Economic History
In the literature on India's economic history, there has been a long debate on the influence of railroad development on the welfare of Indian farmers. Some economists and historians have argued that rail development increased welfare by providing new markets for agricultural products and permitting rising rural incomes. Others have argued that railroads had detrimental effects on welfare because, by encouraging cultivation of non-food crops (like cotton) and export crops (like wheat), they… 

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