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With Brexit, Yellow Jackets and EU-scepticism dominating the news and everyday discussions, I would like to direct our blog readers’ attention to some of the lessons that law and economics can offer to the (polarizing) debate on the future of the EU.

The day after the “Brexit”-referendum, with a majority of 51.9% voting to leave the European Union, some speak of the success of democracy (“the people have spoken”). Already, there are calls for referenda in other countries to let the people speak there, too. This suggests that independently of our...