Paranjape stresses the importance of legal theory in understanding the law and its role in society. He defines legal theory as "a systematic and scientific study of the principles and concepts of law, with a view to understanding the nature and purpose of law." (Paranjape, N. V., Jurisprudence and Legal Theory, 4th ed., 2005, p. 15). Paranjape argues that legal theory provides a framework for analyzing and evaluating the law, and helps to identify the underlying values and principles that shape the legal system.

Examines the role of the state and sovereignty in the creation of law.