The Republic of Beliefs: A New Approach to Law and Economics - Kaushik Basu

In his latest book The Republic of Beliefs, Kaushik Basu, Professor of Economics, Cornell University, and former Chief Economist of the World Bank, argues that the traditional approach to law and economics has significant flaws and has failed to answer certain critical questions satisfactorily. Why are so many laws drafted but never implemented or properly enforced? And, conversely, considering that laws are simply words on paper, why are they effective when they are?