Shareholder cities: land transformations along urban corridors in India: by Sai Balakrishnan, Philadelphia, USA, University of Pennsylvania Press series City in the Twenty-First Century, 2019, 256 pp., $69.95 (cloth), ISBN: 9780812251463, $61.49 (eBook), ISBN: 9780812296303

Balakrishnan has produced a definitive report on the effects of market liberalization and decentralization of governance in the Western Indian region of the Mumbai-Pune economic corridor. Whenever land has an astronomical price, there is an extreme discount that can only be reconciled by taxes on other, non-land activities. (16) True, a self-regulating land market is an economic fallacy, but saying so does not advance an alternative view, such as land value return. [Extracted from the article]