The political economy of Iran underwent the fundamental transition from feudalism to modernity from the early 19th to the 20th century: a period which was a vital watershed in Iran's historical development. This book provides a critical analysis of Iran's economic, social, and political development and shows how the path to modernity, far from smooth, was hindered by both internal and international factors. These included a powerful monarchy with little interest in administrative and economic reform, a large aristocracy frequently holding vital provincial governorships and frustrating effective central government and a failure to create a modern civil service, military, banking, finance, or communications - the essential infrastructure for economic development. Reformers were marginalized and business suffered. And the all-powerful ulema were a further brake on modernization. On the international front, the rivalry of Britain and Russia compounded the problems: both acting to control...

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