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Chris Gregory, What is patrimonial capitalism? Some lessons from central India

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by Gareth Bryant on October 5, 2017

Chris Gregory, What is patrimonial capitalism? Some lessons from central India

Gareth Bryant | October 5, 2017

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2017 Political Economy Seminar Series (Co-organised with the Department of Anthropology)

Chris Gregory (Australian National University), ‘What is patrimonial capitalism? Some lessons from central India’

Date: Thursday 12 October 2017

Time: 3:00pm-5.00pm

Location: RC Mills Seminar Room 148, University of Sydney

Abstract: Piketty’s study of income inequality in Europe heralds the return of ‘patrimonial capitalism,’ a socio-economic category that he strives to understand by reading the novels of Jane Austin because political economy, infatuated as is by mathematics rather than anthropology, has little to say about the workings of the family firm. Ethnographic research on kinship, the economy and religion in India reveals that patrimonial capitalism, in both its elite and subaltern forms, has flourished in India in the 21st century too. As in Europe, wealth in the form of residential urban property has emerged as the most important form of wealth as rural dwellers flock to the city and as the city boundaries expand into the neighbouring countryside. Here the newly emerging inequalities are on show for all to see in the form of the new multi-story mansions of the elite families that sit check by jowl with the mud-brick dwellings of the ex-peasant farming family whose farmlands are now being encroached upon. But the rapidly rising urban price of land has seen the paradoxical development of a new class, the ex-peasant farmer whose previously relatively worthless household land is now worth millions. They are land rich but dirt poor and have many relatives who are simply dirt poor.

About the speaker: Dr Chris Gregory is Adjunct Fellow in Anthropology at the Australian National University.

Contact: Gareth Bryant, gareth.bryant@sydney.edu.au or Luis Angosto-Ferrández, luis.angosto-ferrandez@sydney.edu.au

Upcoming seminars: https://sydney.edu.au/arts/political_economy/about/seminars/seminar_series.shtml

All welcome!

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Author: Gareth Bryant

Gareth Bryant is a political economist at the University of Sydney. He works as a senior lecturer in the Department of Political Economy and as economist-in-residence with the Sydney Policy Lab.

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  • Home
  • About
  • Manchester University Press Book Series
  • Past & Present Reading Group
  • A Political Economy of Australian Capitalism
  • Australian IPE Network (AIPEN)
  • Journal of Australian Political Economy (JAPE)
    • Journal of Australian Political Economy (JAPE)
    • JAPE Submission Guidelines
    • JAPE Issues
    • JAPE Young Scholar Award
  • Other Reading Groups
    • The Rubicon Reading Group
    • Marxism Reading Group
    • Journal Club
  • Forums
    • Forums
    • Debating Anatomies of Revolution
    • Debating Debtfare States
    • Debating Economic Ideas in Political Time
    • Debating Mass Strikes and Social Movements in Brazil and India
    • Debating The Making of Modern Finance
    • Debating War and Social Change in Modern Europe
    • Debating Social Movements in Latin America
    • Feminist Global “Secureconomy”
    • Scandalous Economics
    • The Military Roots of Neoliberal Governance
  • Literary Geographies of Political Economy
  • Pedagogy
    • Five Minute Honours Theses
    • Piketty Forum
    • Radical Economics Pedagogy
    • Unconventional Wisdom
  • Wheelwright Lecture
  • Events
  • Contributors
  • Links
    • Political Economy At Sydney
    • PHD in Political Economy
    • Master of Political Economy
    • Centre for Future Work
    • Centre for the Study of Social and Global Justice (CSSGJ)
    • Climate Justice Research Centre (UTS)