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Law and the Economy in Colonial India
Law and the Economy in Colonial India
★★★★★
★★★★★
Regular price
€47.99
1990s
A01=Anand V. Swamy
A01=Tirthankar Roy
administration
agricultural
analysis
asia
Author_Anand V. Swamy
Author_Tirthankar Roy
british
business
Category1=Non-Fiction
Category=KCM
Category=LN
Category=NL-KC
Category=NL-LN
colonial
colonialism
commercial
contracts
COP=United States
country
court
courtroom
critical
critique
developing
Discount=15
eastern
economics
eq_bestseller
eq_business-finance-law
eq_isMigrated=2
eq_nobargain
eq_non-fiction
europe
finance
foreign
Format=BB
Format_Hardback
growth
historical
history
HMM=229
IMPN=University of Chicago Press
india
indigenous
infrastructure
institutional
investment
ISBN13=9780226387642
judge
jury
justice
Language_English
legal
legislation
litigation
money
PA=Available
PD=20161004
political
politics
Price_€20 to €50
problems
PS=Active
PUB=The University of Chicago Press
reform
southeast
Subject=Economics
Subject=Laws Of Specific Jurisdictions
wealth
WMM=152
Product details
- ISBN 9780226387642
- Format: Hardback
- Weight: 482g
- Dimensions: 16 x 24mm
- Publication Date: 20 Sep 2016
- Publisher: The University of Chicago Press
- Publication City/Country: US
- Product Form: Hardback
- Language: English
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Since the economic reforms of the 1990s, India's economy has grown rapidly. To sustain growth and foreign investment over the long run requires a well-developed legal infrastructure for conducting business, including cheap and reliable contract enforcement and secure property rights. But it's widely acknowledged that India's legal infrastructure is in urgent need of reform, plagued by problems, including slow enforcement of contracts and land laws that differ from state to state. How has this situation arisen, and what can boost business confidence and encourage long-run economic growth? Tirthankar Roy and Anand V. Swamy trace the beginnings of the current Indian legal system to the years of British colonial rule. They show how India inherited an elaborate legal system from the British colonial administration, which incorporated elements from both British Common Law and indigenous institutions. In the case of property law, especially as it applied to agricultural land, indigenous laws and local political expediency were more influential in law-making than concepts borrowed from European legal theory. Conversely, with commercial law, there was considerable borrowing from Europe.
In all cases, the British struggled with limited capacity to enforce their laws and an insufficient knowledge of the enormous diversity and differentiation within Indian society. A disorderly body of laws, not conducive to production and trade, evolved over time. Roy and Swamy's careful analysis not only sheds new light on the development of legal institutions in India, but also offers insights for India and other emerging countries through a look at what fosters the types of institutions that are key to economic growth.
Tirthankar Roy is professor of economic history at the London School of Economics and Political Science. He is the author of India in the World Economy: From Antiquity to the Present and The Economic History of India 1857 1947.Anand V. Swamy is professor of economics at Williams College. He is coeditor of A New Economic History of Colonial India.
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