TY  - BOOK
AU  - Basu, Kaushik
TI  - The Republic of beliefs: a new approach to law and economics 
SN  - 9780691190563
U1  - 330 22
PY  - 2018///
CY  - Princeton
PB  - Princeton University Press
KW  - Economic policy
KW  - Economics
KW  - Law and legislation
N2  - 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
ER  -