The Republic of beliefs : a new approach to law and economics / Kaushik Basu

By:

Basu, Kaushik

Material type: Text

TextPublication details: Princeton : Princeton University Press, 2018Description: xvii, 238p. ; 24cmISBN:

9780691190563

Subject(s):

DDC classification:

330 BAS 22

Summary: In this book, the author argues that the traditional economic analysis of the law has significant flaws and has failed to answer certain critical questions satisfactorily. He offers a provocative alternative to how the relationship between economics and real-world law enforcement should be understood.He summarizes standard, neoclassical law and economics before looking at the weaknesses underlying the discipline. Bringing modern game theory to bear, he develops a "focal point" approach, modeling not just the self-interested actions of the citizens who must follow laws but also the functionaries of the state―the politicians, judges and bureaucrats-enforcing them. He demonstrates the connections between social norms and the law and shows how well-conceived ideas can change and benefit human behaviour.

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Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Book	Jammu	340.11 BAS (Browse shelf(Opens below))	Available		IIMLJ-3014

Total holds: 0

In this book, the author argues that the traditional economic analysis of the law has significant flaws and has failed to answer certain critical questions satisfactorily. He offers a provocative alternative to how the relationship between economics and real-world law enforcement should be understood.He summarizes standard, neoclassical law and economics before looking at the weaknesses underlying the discipline. Bringing modern game theory to bear, he develops a "focal point" approach, modeling not just the self-interested actions of the citizens who must follow laws but also the functionaries of the state―the politicians, judges and bureaucrats-enforcing them. He demonstrates the connections between social norms and the law and shows how well-conceived ideas can change and benefit human behaviour.

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