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

From brilliant Kaushik Basu’s The Republic of Beliefs: A New Approach to Law and Economics

“For the law to develop roots and the rule of law to prevail requires ordinary people to belief in the law; and to believe that others believe in the law. Such beliefs and meta-beliefs can take very long to get entrenched in society.” 

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