MONOPOLY CAPITALISM IN A DEPENDENT ECONOMY 29 19 "The group is a multi-company firm which transacts in different markets but which does so under common entrepreneurial and financial control", ibid, n 1. 20 "Industrial Organization and Entrepreneurship in the Developing Countries: The Economic Groups", Economic Developmet and Cultural Change, Vol XXV, No 4, July 1978, pp 661-675. 21 Ibid. 22 Ibid. 23 Nathaniel H Leff, "Monopoly Capitalism and Public Policy in Developing Countries" (mimeo). 24 RKHazari, The Structure of the Corporate Private Sector, Bombay, 1967. 25 Government of India, Planning Commission, Report of the Committee on Disttibutien of Income and Levels of Living, Parti, New Delhi, 1964 (Mahalanobis Report). 26 Government of India, Report of the Monopolies Inquiry Commisson, New Delhi, 1965. 27 Government of India, Department of Industrial Development, Report of the Industrial Licensing Committee, New Dellii, 1969. 28 Note 7, pp 25-26. 29 V K Singhania, Economic Concentration Through Inter-Corporate Investments, Bombay, 1980, pp 141-42. All the statistics used in this sub-section are taken from this book. See, especially pp 140, 198, for details of inter-corporate investment activities by 20 larger houses. For details of the different monopoly houses, see, p 56. 30 Nasir Tyabji, "Stratification of Indian Business" (mimeo), paper presented at the seminar on Industrialisation in India, at the Centre for Studies in Social Sciences, Calcutta, in December 1977. 31 A K Bagchi, Political Economy of Under development (Modern Cambridge Economics), Cambridge, C U P. 1982, pp 141-142. 32 Ibid, p 141. 33 U N Economic and Social Council Committe on Industrial Development, 3rd Session, (New York, 1963). Quoted in G K Shirokov, Industrialisation of India, New Delhi, P P H, 1980, p 253. 34 Charles Bettelheim, India Independent, New York, M R Press, 1971, p 253. 35 D R Gadgil, Planning and Economic Policy in India, Poona, Gokhale Institute, 1972, p309. 36 J F Becker, Marxian Political Economy, New York, Cambridge University Press, 1977, p 88. 37 Rosa Luxemberg, The Accumulation of Capital, New York, M R Press, 1964, Ch XXIIV, p 368. 38 A K Bagchi, note 31, pp 12-13, Emphasis added. 39 A I Levkovski, Capitalism in India, New Delhi, P P H reprint, 1972, p 68. 40 Karl Marx, Capital, Vol III, Moscow, Progress, 1966, p 334. 41 Ibid, p 335. 42 D R Gadgil, "Indian Economic Organisation", in Economic Growth'. Brazil^ India, Japan, S Kuznets et al. (eds), Durham, 1958. 43 A K Bagchi, Merchants and Colonialism (mimeo). 44 Levkovski, op cit, p 69. 45 D H Buchanan, The Development of Capitalistic Enterprise in India, London, Frank Cass, 1966, p 210. 46 Ibid, p 173. 47 VI Lenin, "A Characterisation of Economic Romanticism", in Collected Works, Vol II, Moscow, 1963. p 164.