| Book Review | The American Historical Review, 109.4

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| Book Review | The American Historical Review, 109.4 | The History Cooperative

Book Review

Asia

Vivek Chibber. Locked in Place: State-Building and Late Industrialisation in India. Princeton: Princeton University Press. 2003. Pp. xx, 334. $39.50.

Two stories, both unilinear, are prevalent about independent India's economic policies: the fake socialism story and the heroic liberalization story. The first story runs as follows: economic planning in Jawaharlal Nehru's India was an eyewash, and, as was bound to happen, even the pretence of socialism has now been abandoned. The second story is this: economic deregulation in the 1990s freed India from "the license-permit Raj" of the Five Year Plans and has at length set it on the path to development. As far as I know, no one has yet effectively told a third possible story: that socialist planning and laissez-faire might have been the appropriate policies in their respective time slots and were realistically pursued as such by the policy makers of the 1950s and 1990s.

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