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Economics of Ancient Law: The Laws of Manu on Contracts

Author

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  • Bose Feler

    (Indiana University East, Richmond, 47374-1289, USA)

Abstract

Ancient law can be analyzed using economic tools. With a renewed interest from the political class to make the ancient Laws of Manu (Manu’s Dharmaśāstra) more relevant to modern Indian law, the economic analysis of the Laws of Manu regarding contracts allows us to look at the issue from an efficiency standpoint. The paper will look at both regular contracts and marriage contracts. Surprisingly, many of the ancient laws are like the modern law of contracts especially in areas of contract breach. However, when considering marriage contracts, the bargaining position of men is stronger than women.

Suggested Citation

  • Bose Feler, 2022. "Economics of Ancient Law: The Laws of Manu on Contracts," Asian Journal of Law and Economics, De Gruyter, vol. 13(3), pages 277-300, December.
    • Handle: RePEc:bpj:ajlecn:v:13:y:2022:i:3:p:277-300:n:8
    DOI: 10.1515/ajle-2022-0028
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