Theory of Crime and Punishment

Economic Theory of Crime and Punishment; Law related to Economic offences, corruption and human rights. An Economic Theory of Legal Process – Reasons to Sue; Law and distribution of income and wealth; Inequality; Exchange of Information. Decentralization and Good Governance.

Reading List

·        Cooter, R. & Ulen, T. (2012). Law and Economics. Addison‐Wesley (Pearson).

·        Ehrlich, I. (1975). The Deterrent Effect of Capital Punishment: A Question of Life or Death. American Economic Review, 65(3), 397-417.

·        Fiorentini, G. & Zamagni, S. (1999). The Economics of Corruption and Illegal Markets. Edward Elgar Publishing Co., U.K.

·        Miceli, T. J. (2004). The Economic Approach to Law. California: Stanford Economics and Finance.

·        Phillips, L. &Votey, H.L. (1981). Economics of Crime Control. Sage Publications, London.

·        Schmidth, P. (1984). An Economic Analysis of Crime and Justice. Academic Press, Orlando.

Distributive Justice

Contract theory of Distributive justice; Economic and social costs of poverty; Wealth distribution by Liability Rules; Taxation and efficiency; Personal and corporate taxation; Progressive principle; Economics of federalism; Freedom of Inter-state trade and commerce; Economics of social sector; Disinvestment in PSUs.

Reading List

·        Gillies, P. & Gabriel, M. (1998). International Trade and Business: Law, Policy and Ethics. Cavendish Publishing Pvt. Ltd., Sydney, Australia.

·        Government of India (1997). Report of Disinvestment Commission. New Delhi.

·        Ramchandran, V. & Ramkrishnan, T.A. (Eds.). (2000). ‘Aiyar’s A.N. Indian Tax Laws (2000)’, (Vol. 2). Company Law Institute of India Pvt. Ltd., Chennai.

·        Sitaramayya, B. (1984). Inequalities and the Law. Eastern Book Company, Lucknow.

Financial Regulations and Laws

Structure of firm — Kinds, Corporations, Corporate vest, Capital, Shares, Debentures, Insiders’ trading, Competition Act, Role of SEBI, Economic Implications of Banking law in India; Role of RBI in banking regulation, Microfinance and Financial Inclusion.

Reading List

·        Pathak B. (2014). Indian Financial System. Pearson Education India.

·        Pike, R. & Neale, B. (2006). Corporate Finance and Investment: Decisions and Strategies. Prentice Hall of India Pvt. Ltd., New Delhi.

·        SEBI (1994). Nabhi’s Manual of SEBI (Vols. I and II). Nabhi Publication, New Delhi.

·        SEBI (2008). Taxmann’s SEBI Manual. Taxmann Allied Services Pvt. Ltd., New Delhi.

Environmental and Trade Agreements

National and Global Environmental Problems; International Environmental Agreements – their Legal and Economic Implications; GATT/WTO — TRIPS and TRIMS; Export-import policy; Custom duties; MNCs and Direct foreign investment; FEMA.

Reading List

·        Chhibber, P. & Majumdar, S.K. (1999). Foreign Ownership and Profitability: Property Rights, Control and the Performance of Firms in Indian Industries. Journal of Law and Economics, 42(1), 209-238.

·        Divan, S. & Rosencronz, A. (2001). Environmental Law and Policy in India. Oxford University Press, New Delhi.

·        Kumar, A. (1999). Environmental Problems, Protection and Control (Vols. I and II). Anmol Publications, Pvt. Ltd., Delhi.

·        Landes, W.E. & Posner, R.A. (1989). An Economic Analysis of Copyright Law. The Journal of Legal Studies, 18(2), 325-363.

·        Mittal, O.P. (1999). Indian Patents Law. Taxmann Allied Services Pvt. Ltd., New Delhi.

·        Pearson, H.E. & Miller, C.G. (1994). Commercial Exploitation of International Property. Universal Book Traders, Delhi.

·        Schmitthoff, C.M. (1986). Schmitthoff’s Export Trade: The Law and Practice of International Trade. Sweet and Maxwell, London.

·        Swanson, T.M. & Johnston, S. (1999). Global Environmental Problems and International Environmental Agreements. Edward Elgar Publishing Co., U.K.