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In Pursuit of Lakshmi (Paperback)
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In Pursuit of Lakshmi (Paperback)
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The pursuit of Lakshmi, the fickle goddess of prosperity and good
fortune, is a metaphor for the aspirations of the state and people
of independent India. In the latest of their distinguished
contributions to South Asian studies, scholars Lloyd I. Rudolph and
Susanne Hoeber Rudolph focus on this modern-day pursuit by offering
a comprehensive analysis of India's political economy. India
occupies a paradoxical plane among nation states: it is both
developed and underdeveloped, rich and poor, strong and weak. These
contrasts locate India in the international order. The Rudolphs'
theory of demand and command polities provides a general framework
for explaining the special circumstances of the Indian experience.
Contrary to what one might expect in a country with great
disparities of wealth, no national party, right or left, pursues
the politics of class. Instead, the Rudolphs argue, private capital
and organized labor in India face a third actor--the state. Because
of the dominance of the state makes class politics marginal, the
state is itself an element in the creation of the centrist-oriented
social pluralism that has characterized Indian politics since
independence. In analyzing the relationship between India's
politics and its economy, the Rudolphs maintain that India's
economic performance has been only marginally affected by the type
of regime in power--authoritarian or democratic. More important,
they show that rising levels of social mobilization and
personalistic rule have contributed to declining state capacity and
autonomy. At the same time, social mobilization has led to a more
equitable distribution of economic benefits and political power,
which has enhanced the state's legitimacy among its citizens. The
scope and explanatory power of In Pursuit of Lakshmi will make it
essential for all those interested in political economy,
comparative politics, Asian studies and India.
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