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003			IIMC
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008			190123 2018 u000 u eng d
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039		9	_a201903021854 _bsumitra _y201901231043 _zhpchak
082	0		_a330 _bBAS _222
100			_aBasu, Kaushik _9119612
245	1	4	_aThe Republic of beliefs : _ba new approach to law and economics / _cKaushik Basu
260			_aPrinceton : _bPrinceton University Press, _c2018
300			_axvii, 238p. ; _c24cm.
520			_aIn 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.
650		0	_aEconomic policy
650		0	_aEconomics _xLaw and legislation
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999			_aVIRTUA _c577575 _d577575
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