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Tags: Keywords: constitutional compliance, restorative justice, externalities and reform

Interconnectedness between Economic Theories and Legal Practices

  • By R Venkataramani
  • 11 Months ago
  • Downloads: 0

  • View: 898

Volume VII 2024 Issue I GNLU Journal of Law And Economics

The very impulse, noticeable in many life species including human beings to be in a communityor a collective can itself be described as a natural economic activity in as much as such anactivity contributes to flourishing and avoids sufferings.

There is a deep connection between the impulse to be in a community and the need for a political constitution. The differences in utilities that may be derived by individual action and those by collective action are fundamental to any study of collective organization. It may therefore seem appealing to talk about logical economic rationalization to explain the emergence of democracy and the accompanying democratic political institutions. Economists talk about as to how individual utility may be increased by collective action in two distinct ways. By collective action, some of the external costs that may come to be imposed by the private action of other individuals may be eliminated.


Recommended Citation

R Venkataramani (2025) "Interconnectedness between Economic Theories and Legal Practices", GNLU Journal of Law And Economics : Volume VII 2024, Issue I
Available at: https://gnlu.ac.in/GJLE/Publications/Interconnectedness between Economic Theories and Legal Practices

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Editorial Note

THE CURRENCY OF DELAY: A POLITICAL ECONOMY ANALYSIS OF JUDICIAL INCENTIVES IN INDIAN HIGH COURTS

In 2023, the Delhi High Court disposed of more than 87,000 cases, a recordbreaking figure. Yet its backlog grew. Across India, governments have doubled judicial strength in some states, built stateoftheart ecourts, and implemented case management software. Still, over 5.1 crore cases remain pending. The standard explanation treats this as a resource problem: too few judges chasing too many litigants. But what if the real answer is more uncomfortable What if delay is not a bug in the system, but a feature, a currency that judges spend, save, and strategically deploy This paper advances a heretical proposition: that for the Indian High Court judge, disposing of cases is not always the rational choice. In a system where the government is simultaneously the largest litigant and the arbiter of judicial careers, where a controversial judgment can trigger a punitive transfer while a safe adjournment goes unnoticed, and where forty dismissals at the admission stage count the same as one laboriously reasoned final verdict, delay emerges as the equilibrium strategy. The crisis of pending cases is not an accident of overload; it is the predictable outcome of incentives working exactly as designed. Employing a political economy framework, we model the High Court judge as a strategic actor maximizing a utility function comprised of reputation (professional prestige), leisure (workload aversion), promotion prospects (chances of elevation or postretirement appointment), and the cost of dissent (risk of punitive transfer or career backlash). The paper proposes an empirical model to test whether judicial delays correlate with political cycles and the identity of the litigant (State vs. Citizen), suggesting that strategic delay is a rational response to the institutional constraints of the Indian judiciary.

  • Tathagat Sharma
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