Land Acquisition and Compensation in India Mysteries of Valuation
This book discusses development and land acquisitions in India and analyzes a conceptual framework based on “paradox of values” and “plural value of land.” The research links the issue of valuation to its roots in classic economic theory and to its indivi
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Land Acquisition and Compensation in India “Karl Polanyi called labor a fictitious commodity. Land is even more problematic. Land is mere imagined latency expressed along a continuum of contending dreams. How could land possibly have a single value to a diverse community of dreamers? Sattwick Dey Biswas sheds important light on the meaning of land in two expropriation cases in West Bengal, India. The empirical research is exemplary, the theoretical ground is well developed, and the findings are robust. The value of a parcel of land is not discovered. Rather, that value is created as various contending meanings of land are expressed, debated, and finally resolved.” —Daniel W. Bromley, Anderson-Bascom Professor of Applied Economics (Emeritus), University of Wisconsin-Madison, USA “This book is an incisive analysis of the multiple uses and values of land in contemporary India. Rooted in a careful reading of classical theories of value and valuation, Dey Biswas guides us closer to an understanding of why the vexed problem of land dispossession and displacement refuses to go away. Readers interested in the ongoing land grab in the global south and their associated conflicts would do well to consult this thought-provoking book.” —Kenneth Bo Nielsen, Associate Professor, Department of Social Anthropology, The Centre for Development and the Environment, Oslo University, Norway and Coordinator, Norwegian Network of Asian Studies “This book combines deeper reflections on the theories of property valuation and social question with two exciting cases of land acquisition in India. The book is a marvellous exposition that valuation as frame provides the most worthwhile lens for a public policy scholar.” —Sony Pellissery, Executive Director, Institute of Public Policy (NLSIU), Bangalore, India “This book explores valuation of land from a theoretical perspective with empirical evidence from a case study analysis in India. One of the strongest points of the book is that it recaps the theoretical development of value and valuation in great detail and therewith provides a comprehensive and almost exhaustive theoretical framework on valuation–starting from Adam Smith to more recent approaches of plural land values. An important book for everyone who is concerned with land markets, land appraisal and land economics!” —Thomas Hartmann, Associate Professor, Environmental Science, Wageningen University, The Netherlands
“Sattwick Dey Biswas’s important book constructs a bridge between usually disconnected areas of knowledge: law of expropriation (compulsory purchase), generations of philosophy of land and economics, and the often-enigmatic practices of the land valuators. Dr Dey Biswas merges together a set of complex concepts with Ben Davy’s exciting “plural values of land”. Through a brilliant research method, he then succeeds in operationalizing these concepts into a tool to gauge the opinions of stakeholders in real-life expropriation cases in India. The book is intellectually challenging – as it should be – but is also very well wr
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