Law and the Economy in a Young Democracy
University of Chicago Press (Verlag)
978-0-226-79900-1 (ISBN)
Economists have long lamented how the inefficiency of India's legal system undermines the country’s economic capacity. How has this come to be? The prevailing explanation is that the postcolonial legal system is understaffed and under-resourced, making adjudication and contract enforcement slow and costly.
Taking this as given, Law and the Economy in a Young Democracy examines the contents and historical antecedents of these laws, including how they have stifled economic development. Economists Roy and Swamy argue that legal evolution in independent India has been shaped by three factors: the desire to reduce inequality and poverty; the suspicion that market activity, both domestic and international, can be detrimental to these goals; and the strengthening of Indian democracy over time, giving voice to a growing fraction of society, including the poor.
Weaving the story of India's heralded economic transformation with its social and political history, Roy and Swamy show how inadequate legal infrastructure has been a key impediment to the country's economic growth during the last century. A stirring and authoritative history of a nation rife with contradictions, Law and the Economy in a Young Democracy is essential reading for anyone seeking to understand India's current crossroads—and the factors that may keep its dreams unrealized.
Tirthankar Roy is professor of economic history at the London School of Economics. Anand V. Swamy is the Willmott Family Third Century Professor of Economics at Williams College in Massachusetts. They are the coauthors of Law and the Economy in Colonial India, also published by the University of Chicago Press.
List of Illustrations
Chapter 1. Introduction
Chapter 2. Land Rights: Equity versus Transferability?
Chapter 3. Rural Credit: Overreliance on Law
Chapter 4. Democratic Rights and the Limits of Eminent Domain
Chapter 5. Environmental Law: Judiciary Takes Center Stage
Chapter 6. Law in a Labor-Surplus Economy
Chapter 7. Politicians’ Burden? The Evolution of Company Law
Chapter 8. Globalization with a Nationalist Face: Mergers, Acquisitions, and Intellectual Property
Chapter 9. Property: Equity versus Religious Norms
Chapter 10. Conclusion
Acknowledgments
Notes
Bibliography
Index
| Erscheinungsdatum | 09.02.2022 |
|---|---|
| Reihe/Serie | Markets and Governments in Economic History |
| Zusatzinfo | 4 line drawings, 14 tables |
| Sprache | englisch |
| Maße | 152 x 229 mm |
| Gewicht | 540 g |
| Themenwelt | Geschichte ► Allgemeine Geschichte ► Zeitgeschichte |
| Geisteswissenschaften ► Geschichte ► Regional- / Ländergeschichte | |
| Wirtschaft ► Volkswirtschaftslehre | |
| ISBN-10 | 0-226-79900-X / 022679900X |
| ISBN-13 | 978-0-226-79900-1 / 9780226799001 |
| Zustand | Neuware |
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