What We Are Reading Today: The Republic of Beliefs: A New Approach to Law and Economics

Updated 28 June 2018
0

What We Are Reading Today: The Republic of Beliefs: A New Approach to Law and Economics

  • Kaushik Basu demonstrates the connections between social norms and the law and shows how well-conceived ideas can change and benefit human behavior

In 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. 

 


BOOK REVIEW: Nine Palestinian refugees tell Shatila’s stories in this innovative book

Updated 17 July 2018
0

BOOK REVIEW: Nine Palestinian refugees tell Shatila’s stories in this innovative book

  • “Shatila Stories” is a collaborative work of fiction written by nine refugees from the Shatila camp in Beirut

CHICAGO: A novel born in extraordinary circumstances, “Shatila Stories” is a collaborative work of fiction written by nine refugees from the Shatila camp in Beirut that was commissioned by Peirene Press.

The authors, ranging from the ages of 20 to 43, captivate the reader by painting a picture of muddied walkways, crumbling walls and desperate faces.

From beginning to end, the phenomenal words of Omar Khaled Ahmad, Nibal Alalo, Safa Khaled Algharbaqi, Omar Abdellatif Alndaf, Rayan Mohamad Sukkar, Safiya Badran, Fatima Omar Ghazawi, Samih Mahmoud and Hiba Mareb take the reader on a powerful journey. 

“Shatila Stories” begins with the character of Reham, who is leaving Damascus for Beirut. She and her family look to Shatila as a refuge from the strife at the Yarmouk camp in Syria. Reham’s story is embedded in spirituality and faith, a strength that drives many of the book’s characters. After Reham, the reader is told the story of Jafra, named after the revolutionary Palestinian fighter who was killed in an airstrike in 1976. 

Evil lurks within the boundaries of the Shatila camp — children are exploited, disease is rampant and the methods used to safeguard residents are sometimes more harmful than helpful.

The writers have done a brilliant job of conveying the constricted yet vibrant lives led by many in the camp, as they wander alleyways that are “narrow yet wide enough to hold a thousand stories.”

The effort to publish nine refugee writers began with Mieke Ziervogel, publisher of Peirene Press, who journeyed from London to Beirut with editor Suhir Helal after getting in contact with an NGO that runs a community center in the camp. 

After handpicking the writers during a three-day workshop, the manuscripts were received and translator Nasha Gowanlock got to work. It was a Herculean effort that reminds us that storytelling may be an art, but everyone has a story to tell.