Abstract
The neo‐populist viewpoint on the agrarian question, developed in Russia from the late 19th century against Marxist theory, enjoys a modified revival in India today. The theoretical core of the neo‐populist framework consists in the idea of an economically undifferentiated, virtually homogeneous peasantry, which shows extreme stability and viability vis a vis the competition of capitalist production; and is of superior efficiency with respect to yield. There is a basic logical fallacy underlying this view, consisting in the positing of identical conditions of production for units with differing objectives of production—’subsistence’ for peasant holdings and ‘profit’ for capitalist holdings—in a situation where they coexist and are linked through markets. In fact capitalist production cannot emerge at all unless it is accompanied by a rise in output and surplus per unit area compared to petty production, which presupposes technical change. The logical necessity of differing conditions of production, implies that all the neo‐populist propositions are invalid.

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