The Hindu Equilibrium: Cultural Stability and Economic Stagnation - India, C.1500 B.C.-1980 A.D Vol 1 (The Hindu Equilibrium, Vol 1)

This new two-volume study of Indian economic, social, and political history provides a better understanding of various issues related to current Indian economic stagnation, poverty, and society. Lal argues that the ancient Hindus fashioned a social and economic system out of their democratic, ecological, and political conditions which has scarcely changed since its foundation. The social expression of this was the caste system, which Lal sees as developing in response to uncertainty and shortage of labor supply, thus revising the common view that India's economic problems are based on a surplus of labor.Lal, Deepak is the author of 'The Hindu Equilibrium: Cultural Stability and Economic Stagnation - India, C.1500 B.C.-1980 A.D Vol 1 (The Hindu Equilibrium, Vol 1)', published 1989 under ISBN 9780198284987 and ISBN 0198284985.