It used to be claimed, notably in developing counties, that imperfection of factor markets is the determinant factor in explaining unemployment and poverty. Solutions such as supply of inputs and land reform etc. were suggested. Yet in poorer countries the odds are, that even within a village and during a peak farm operation, the question of disguised unemployment is liable to be troublesome as these are time specific and water management specific. What is thus interesting and seems to have been missed out by the existing literature is that several of the factors can be exacerbated or minimized depending on the management of water in question. Dr. Banik re-explored the problem and has addressed various policy implications with economic incentives. This book will be of considerable interest to students of economics in general and particularly to those focusing on rural finance, development economics and South Asian studies.