One hypothesis (the ‘adaptability’ claim) concerns the way in which new rules are produced. Civilian systems are characterised by wide-ranging codification of legal rules, whereas common law systems are distinguished by their reliance on incremental change through the accumulation of judicial precedent.
The report of the IIM Review Committee is finally out. If this were a student report it would get an A on “describing the current problems”, a C on all the sections they call “our analysis” - a C and not a D because some of the arguments made in the analysis are brilliantly tautological.
One of the central questions that interests political scientists, economists, legal theoreticians and public policy-makers is the exact manner in which existing “institutions” — things like rules, customs, and traditions, both formal and informal — affect growth and development.
Make no mistake, Indians are a conservative lot. We are also seriously self-critical, always trying to portray ourselves as advocates of reasonable critical analysis.
Bangalore’s international airport is six months old. The tally so far: number of weeks airport operational - 26; number killed on the road to the airport — 36, mainly villagers.
Despite the fond Republican hopes for a late swing in favour of Senator John McCain, the only question now is about the margin of victory that Senator Barack Obama...
