000			02908cam a2200373 i 4500
001			524
003			MYCC
005			20250912074435.0
008			171129t20182018njua b 001 0 eng c
020			_a9780691177687
020			_a0691177686
040			_aYDX _beng _cYDX _erda _dBDX _dTOH _dCDX _dIAY _dGWL _dOCLCF _dCHVBK _dOCLCO _dOCLCA _dWLU _dYDX _dUPM _dUKMGB _dDXLAW _dTCJ _dUWO _dDCHUA _dOCLCQ _dZWZ _dDLC _dMYCC
082	0	4	_223 _a340.11
090	0	0	_bBAS 2018 _a340.11
100	1		_aBasu, Kaushik, _eauthor.
245	1	4	_aThe Republic of Beliefs : _bA NEW APPROACH TO LAW AND ECONOMICS / _cKaushik Basu.
264		4	_c©2018
264		1	_aPrinceton ; _aOxford : _bPrinceton University Press, _c[2018]
300			_axvii, 238 pages : _billustrations ; _c25 cm
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
504			_aIncludes bibliographical references (pages 207-225) and index.
505	0		_aA brief history of law and economics -- The focal point approach to law and economics -- The first mover advantage -- Social norms and the law -- Law, politics, and corruption -- Rationality, law, and legitimacy -- Picking up the threads.
520			_a"[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.
650		0	_aLaw and economics.
650		7	_a Enforcement _2gnd
650		7	_a Legal norm _2gnd
650		7	_a Rule of law _2gnd
650		7	_a Game theory _2gnd
650		7	_aBehavioral economics _2gnd
650		7	_aLaw _xEconomic aspect _2ram
942			_2ddc _cBK
999			_c524 _d524