Analysing Capitalism, Defining Revolution-Dalits, Women and Peasants

On the jute industry Chakrabarty notes "the payment of the managing agents and managers often depended on the output'', Chakrabarty, op cit, p 285. Since the managing agents' primary earning was not related to the efficient running of the industrial concern so they were less bothered about cost-minimisation. They were rather interested in output-maximisation by any means. The index of efficiency to the managing agents was the volume of output.