Jurisprudence of Emergence: Neo-Liberalism and the Public as Market in India.

Highlighting legal–governmental techniques by which the public is conceptualised as the market and market activity as public agency, this article poses India as a key site for a globalised analysis of neo-liberal governance. It opens a genealogy for India's ‘emerging market’ governance that extends back to colonial modernisation, highlighting ties between a coercive state, its benevolent performance and the making of a market society. Such a long view challenges the free market vs. strong state opposition so central to contemporary neo-liberal thought. It also calls attention to the nexus between powers of emergency and emerging markets. Elaborating, the essay engages Foucault's analysis of neo-liberal political economy to read recent Indian jurisprudence on financial markets, the rule of law, and public interest. [ABSTRACT FROM PUBLISHER]