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Tracing the Roots of Dysfunctional Legal System
Law and the Economy in Colonial India by Tirthankar Roy and Anand V Swamy, Chicago: University of Chicago Press, 2016; pp 240, $45.
Tirthankar Roy and Anand V Swamy’s book traces the roots of contemporary India’s dysfunctional legal system in the history of colonial economic legislation. Their approach is narrowly informed by “new” institutional economic histories and the unquestioned contention that long-run economic growth depends on the laws providing secure property rights and reliable as well as efficient contract enforcement.
Overview of Colonial Laws