A leading economist offers a radically new approach to the economic
analysis of the law The Republic of Beliefs 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,
considering that laws are simply words on paper, why are they
effective? Offering a provocative alternative to how the
relationship between economics and real-world law enforcement is
commonly understood, Kaushik Basu demonstrates the connections
between social norms and the law and shows how well-conceived ideas
can change and benefit human behavior. The Republic of Beliefs
provides a new paradigm that will enable better laws and a fairer
society.
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