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The Republic of Beliefs PDF
By:Kaushik Basu
Published on 2020-12-08 by Princeton University Press

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|[This book] 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|--Jacket.

This Book was ranked at 32 by Google Books for keyword Free Capitalism.

Book ID of The Republic of Beliefs's Books is n0XpDwAAQBAJ, Book which was written byKaushik Basuhave ETAG "3mXmd8uyNbk"

Book which was published by Princeton University Press since 2020-12-08 have ISBNs, ISBN 13 Code is 9780691210049 and ISBN 10 Code is 0691210047

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Book which have "264 Pages" is Printed at BOOK under CategoryBusiness and Economics

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