Institutional microeconomics & emergent order
How rules, prices, property rights, capital, and entrepreneurial discovery coordinate dispersed plans—and how institutional variation changes what people can know, attempt, and build.
Research
The institutional microeconomics
of coordination and capacity.
My research develops institutional microfoundations for market processes, legal institutions, constitutional order, and economic development through endogenous wealth creation and wider productivity diffusion. Its unifying question is how societies acquire the capacity to coordinate, learn, repair failure, and preserve the conditions of free and productive association.
Law, time & credible coordination
How litigation delay, forum design, fact production, sanctioning, and institutional repair determine whether legal commitments become credible in practice.
Constitutional political economy & civic capacity
How civic grammar, shared interpretation, moral formation, and accumulated habits of self-government support constitutional resilience, liberty, and legitimate order.
Current work
A connected research
programme
The programme is broader than any one concept. It joins institutional microeconomics, market-process theory, constitutional political economy, law and economics, and development while preserving the distinct work done by each level of analysis.
01
Institutional theory
Civic Grammar, Coordination Capacity, and Constitutional Resilience
A connected but differentiated programme: Civic Grammar concerns institutional intelligibility; Credible Coordination Capacity concerns articulation, routing, fact production, sanctioning, and repair; Civic-Generative Capacity concerns the habits and beliefs that sustain liberty over time.
02
Law and economics
Legal Time and the Political Economy of Delay
An institutional analysis of how delay transforms litigation into a distorted investment, reallocates bargaining power, and weakens the practical capacity of legal rules.
03
Integrated PPE
Economic Exchange, Social Coordination, and Institutional Choice
An account of how purposeful but finite human beings move from exchange and moral choice to aggregate order through cultural evolution, institutional experimentation, and processes of social learning.
04
Development mission
Economic Development: Endogenous Wealth and Wider Productivity Diffusion
The practical horizon of the research: understanding and cultivating the institutional, civic, and entrepreneurial capacities through which Bihar can retain talent, expand productive opportunity, deepen self-government, and advance economic development through endogenous wealth creation and wider productivity diffusion.
Active projects
From market process
to constitutional order.
The trajectory begins in the institutional microfoundations of market process, capital and monetary coordination, and property-rights analysis; moves through digital infrastructure and law and economics; and develops toward a general account of institutional capacity, endogenous wealth creation, and wider productivity diffusion.
Same Rails, Different Incentives: Fintech, Banks, and the UPI–IMPS Divergence in India’s Digital Payment Revolution
Digital payments · Institutional architecture and discovery rights
Litigation as a Distorted Investment: Pecuniary Jurisdiction and the Legal Economy of Delay in India
Revised manuscript · Legal time, incentives, and institutional capacity
Endogenous Legitimacy in Market Orders: Civil Society as the Associational Ground of Credible Coordination Capacity
Working paper · Civil society, legitimacy, and credible coordination