.@craigjcalhoun introducing @kaushikcbasu for his talk on Law, Economics and the Republic of Beliefs #LSESen pic.twitter.com/JmfPRWzyno
@kaushikcbasu giving #LSESen lecture. Recounts Sen spelling out his name -- S for somebody, E for everybody and N for nobody
@kaushikcbasu thinks the way we 'do' law and economics is wrong #LSESen
.@kaushikcbasu: corruption has been a major problem in India (e.g. food distr mechanisms) http://ow.ly/JT0iW #LSESen @LSEpublicevents- .@kaushikcbasu: when fighting bribery, agitation must be combined w analysis http://ow.ly/JT0o5 #LSESen @LSEpublicevents
- .@kaushikcbasu: speaking of paper on India: giver & taker are both punishable under the law http://ow.ly/JT0Ow #LSESen @LSEpublicevents
- @kaushikcbasu explains that when givers and takers of bribes are equally culpable, they have a common interest to hide the bribe. #LSESen
- In paper, @kaushikcbasu proposed that bribe receiver be punishable, but not giver http://ow.ly/JT15D #LSESen @LSEpublicevents
Discussing @kaushikcbasu 's idea to decriminalise bribe-giving as India's CEA #LSESen- @kaushikcbasu: When it comes to harassment bribes, taker should be more culpable than giver. Otherwise both will hide the bribe. #LSESen
- .@kaushikcbasu: the law is fine on paper, but it doesn't get implemented, why is that? http://ow.ly/JT1qo #LSESen @LSEpublicevents
- .@kaushikcbasu: std econ on law assumes humans have well defined preferences & are amoral http://ow.ly/JT2gQ #LSESen @LSEpublicevents
- .@kaushikcbasu: std econ assumes new law changes payoff functions, and thus indiv behavior http://ow.ly/JT2AG #LSESen @LSEpublicevents
.@kaushikcbasu: fundamental issue is when we write down economics as game, we exclude lawmakers etc, assuming they follow the law #LSESen- .@kaushikcbasu: std econ assumes police etc., are robotic creatures, this is common mistake http://ow.ly/JT2Ty #LSESen @LSEpublicevents
- @kaushikcbasu giving #LSESen lecture on real life, game theory, economic theory, and how laws are treated and implemented
- .@kaushikcbasu: prisoner's dilemma must acct for 3 players - need to include police http://ow.ly/JT3vT #LSESen @LSEpublicevents
- Changing laws doesn't change the game, can't be expected to change behaviour of the players involved. @kaushikcbasu #LSESen
- @kaushikcbasu's says that passing laws doesn't change anything if police, magistrates, etc. don't enforce them. #LSESen
- .@kaushikcbasu: a law can create a 'focal point' that accts for a 3rd player http://ow.ly/JT3OY #LSESen @LSEpublicevents
- .@kaushikcbasu: law can create a focal point, which is often wrongly dismissed by game theorists. #LSESen
- .@kaushikcbasu: a focal point creates salience, and allows for coordination b/w players http://ow.ly/JT4cd #LSESen @LSEpublicevents
.@kaushikcbasu laws must take into account all pay off functions, include all actors, including law enforcement etc. #LSESen
Law, Economics and the Republic of Beliefs
Speaker: Professor Kaushik Basu. Discussants: Professor Amartya Sen, Professor Lord Nicholas Stern. Chair: Professor Craig Calhoun. Tuesday 3 March, Old Theatre, London School of Economics.
by
LSE events238 Views
LSE events238 Views
