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020 _a9780691210049
_qprint
020 _a9781400889358
_qPDF
024 7 _a10.1515/9781400889358
_2doi
035 _a(DE-B1597)9781400889358
035 _a(DE-B1597)554864
035 _a(OCoLC)1152595541
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 4 _aK487.E3
_bB37 2018eb
072 7 _aBUS069030
_2bisacsh
082 0 4 _a340/.11
_223
084 _aonline - DeGruyter
100 1 _aBasu, Kaushik
_eautore
245 1 4 _aThe Republic of Beliefs :
_bA New Approach to Law and Economics /
_cKaushik Basu.
264 1 _aPrinceton, NJ :
_bPrinceton University Press,
_c[2018]
264 4 _c©2018
300 _a1 online resource (264 p.) :
_b3 b/w illus., 13 tables
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 0 _tFrontmatter --
_tContents --
_tPreface --
_tChapter One. Introduction --
_tChapter Two. A Brief History of Law and Economics --
_tChapter Three. The Focal Point Approach to Law and Economics --
_tChapter Four. The First Mover Advantage --
_tChapter Five. Social Norms and the Law --
_tChapter Six. Law, Politics, and Corruption --
_tChapter Seven. Rationality, Law, and Legitimacy --
_tChapter Eight. Picking Up the Threads --
_tReferences --
_tName Index --
_tSubject Index --
_tA Note on The Type
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aA leading economist offers a radically new approach to the economic analysis of the lawIn The Republic of Beliefs, Kaushik Basu, one of the world's leading economists, argues that the traditional economic analysis of the law has significant flaws and has failed to answer certain critical questions satisfactorily. Why are good laws drafted but never implemented? When laws are unenforced, is it a failure of the law or the enforcers? And, most important, considering that laws are simply words on paper, why are they effective? Basu offers a provocative alternative to how the relationship between economics and real-world law enforcement should be understood.Basu 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 behavior. For example, bribe givers and takers will collude when they are treated equally under the law. And in food support programs, vouchers should be given directly to the poor to prevent shop owners from selling subsidized rations on the open market. Basu provides a new paradigm for the ways that law and economics interact-a framework applicable to both less-developed countries and the developed world.Highlighting the limits and capacities of law and economics, The Republic of Beliefs proposes a fresh way of thinking that will enable more effective laws and a fairer society.
530 _aIssued also in print.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 27. Sep 2021)
650 0 _aLaw and economics.
650 7 _aBUSINESS & ECONOMICS / Economics / Theory.
_2bisacsh
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.1515/9781400889358?locatt=mode:legacy
856 4 0 _uhttps://www.degruyter.com/isbn/9781400889358
856 4 2 _3Cover
_uhttps://www.degruyter.com/document/cover/isbn/9781400889358/original
942 _cEB
999 _c210098
_d210098