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2000

Law and growth economics

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Full-Text Articles in Law and Economics

Three Effects Of Social Norms On Law: Expression, Deterrence, And Internalization, Robert D. Cooter Dec 1999

Three Effects Of Social Norms On Law: Expression, Deterrence, And Internalization, Robert D. Cooter

Robert Cooter

State organizations suffer from agency problems that preclude effective motivation of people by formal means alone. Social norms contribute to the effectiveness of state law. Aligning law with morality creates power synergies. I analysis three of them: expression (coordination by law and morality), justification (intrinsic motivation to do what is right) , and sanctions (material costs of wrongdoing).