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An Economist in the Real WorldThe Art of Policymaking in India$
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Kaushik Basu

Print publication date: 2015

Print ISBN-13: 9780262029629

Published to MIT Press Scholarship Online: September 2016

DOI: 10.7551/mitpress/9780262029629.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 29 June 2022

Law and Economics

Law and Economics

(p.135) 8 Law and Economics
An Economist in the Real World

Kaushik Basu

The MIT Press

Law and economics receives less attention in developing and emerging economies. But the law is too important for economic policy and performance to be left to the charge solely of lawyers. The chapter discusses the right way to understand the impact of law on economic outcomes, and analyzes interventions for controlling corruption. It proposes a way to amend India’s corruption control law to make it more effective.

Keywords:   Law and economics, Corruption, Prevention of Corruption Act 1988, focal point

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