The advent of capitalism and Malay dilemma in money economy: the foundation of business corporation and cooperative societies in colonial Malaya

• Main Author: A Rahman Tang Abdullah
• Format: Article
• Language: English; English
• Published: Faculty of Social Sciences, Universitas Negeri Semarang 2021
• Subjects: HB1-3840 Economic theory. Demography; HG201-1496 Money
• Online Access: https://eprints.ums.edu.my/id/eprint/31294/1/The%20advent%20of%20capitalism%20and%20Malay%20dilemma%20in%20money%20economy_%20the%20foundation%20of%20business%20corporation%20and%20cooperative%20societies%20in%20colonial%20Malaya.pdf; https://eprints.ums.edu.my/id/eprint/31294/5/The%20advent%20of%20capitalism%20and%20Malay%20dilemma%20in%20money%20economy_%20the%20foundation%20of%20business%20corporation%20and%20cooperative%20societies%20in%20colonial%20Malaya_ABSTRACT.pdf; https://eprints.ums.edu.my/id/eprint/31294/; https://journal.unnes.ac.id/nju/index.php/paramita/article/view/28926/pdf; http://dx.doi.org/10.15294/paramita.v31i1.28926

This article discusses the Malay dilemma in facing the expansion of money economy in the Malay society in early 20th century Malaya. Historically, the advent of capitalism during this period instigated the growing importance of money economy. However, in the rural economy, the Malay commoners known...