India in Transition : a Study in Political Evolution
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In our eReader you can find the full English version of the book. Read India in Transition : a Study in Political Evolution Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book India in Transition : a Study in Political Evolution
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I am well aware that instances of actual confisca- tion are so infrequent that the "prestige " school of Anglo-Indians might consider my contention far-fetched. But from personal observation I do not hesitate to say that such a reserve power has considerable influence in encouraging secret hoard- ing in place of investment. I have constantly heard non-political and conservative people refer to this absolute power as a reason for hiding, or CONFISCATORY POWERS 197 sending abroad, their money and... for failing to take opportunities for placing it out at good interest. So long as the State does not renounce such arbitrary authority, it cannot expect from its subjects the full confidence that will lead to their loaning money to the State or to joint-stock enter- prise. Frederick II long ago laid down for Prussian administration the principle that whatever was done with the life and liberty of the people, property should be sacred, and should not be touched except through obviously fair processes of law and trial.
What to read after India in Transition : a Study in Political Evolution?
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To quickly assess the difficulty of the text, read a short excerpt:
I am well aware that instances of actual confisca- tion are so infrequent that the "prestige " school of Anglo-Indians might consider my contention far-fetched. But from personal observation I do not hesitate to say that such a reserve power has considerable influence in encouraging secret hoard- ing in place of investment. I have constantly heard non-political and conservative people refer to this absolute power as a reason for hiding, or CONFISCATORY POWERS 197 sending abroad, their money and... for failing to take opportunities for placing it out at good interest. So long as the State does not renounce such arbitrary authority, it cannot expect from its subjects the full confidence that will lead to their loaning money to the State or to joint-stock enter- prise. Frederick II long ago laid down for Prussian administration the principle that whatever was done with the life and liberty of the people, property should be sacred, and should not be touched except through obviously fair processes of law and trial.
What to read after India in Transition : a Study in Political Evolution?
You can find similar books in the "Read Also" column, or choose other free books by 1877 1957 Aga Khan Iii to read onlineMoreLess
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