.Superior Regulation as well as the Economic Situation in India: Just Before Independence and After5 min went through Last Updated: Oct 01 2024|10:43 PM IST.Rule as well as the Economic Condition in India: Before Freedom as well as After.Author: Tirthankar Roy & Anand V Swamy.Author: HarperCollins.Pages: 584.Cost: Rs 799.For an economy to work efficiently, individuals should be certain of the results– that the counterparty will definitely conduct its component, the wealth that people creates will continue to be with the creator, and also legal devices are going to make certain these. These attributes are a sine qua non for economic development. As yet, as long ago as 1793, Governor General Cornwallis rued that the “increasing excess of matches attacked at the incredibly origin of the prosperity of the nation”.Law and the Economy.