Basu K. Law and Economic Development. Behavioral and Moral Foundations...2023

Textbook in PDF format

This book is a major stocktaking of law and economics in the context of developing and emerging economies, and in the light of the dramatic changes in the global economy that we have witnessed in recent years. The rise of artificial intelligence, digital technology, and mega platforms that collect data and facilitate trade is changing the landscape of economics. Rapid globalization has created new challenges for law and regulation, since increasingly contentious cases arise which span multiple countries and several legal jurisdictions.All these changes are giving rise to new problems in developing countries where many people lead precarious lives anyway, healthcare is minimal, and corruption widespread. Alongside these global developments, the discipline of law and economics is also undergoing profound changes, making us re-think some of the founding assumptions of the subject.
Introduction
Property of the Social Media Data
“A Giant Glob of Oily Ambiguity”: On the Use of the Concept of Power in Economics
Temptation and Crime
Moral Costs of Corruption: A Review of the Literature
Reason-Giving and Rent-Seeking
Pandemic Preparedness and Response: Advancing Research, Development, and Ethical Distribution of New Treatments and Vaccines
Law and Industrial Policy in the Age of (De)Globalization: The Perspective of IP Protection
Neither Crime Nor (Much) Punishment: India’s Cartel Penalty Practices
Legal Challenges for Corporations in the 21st Century