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The future of law and economics
Science Communication, 1998Several developments are likely to have significant impact on scholarship in the field of law and economics in the future. These include, first, creation of a richer base of empirical work; second, development of theories in human decisionmaking which surpass the explanatory value of the rational choice model; and third, incorporation of equitable ...
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Law and Economics in Retrospect
2008The case for law and economics: beyond disciplinary nirvanas? In recent years, as Mercuro and Medema (1997, pp ix–x) point out, “Law and Economics has developed from a small and rather esoteric branch within economics and law, to a substantial movement that has helped to both redefine the study of law and expose economics to the important implications ...
PAGANO, UGO, NICITA, ANTONIO
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Law and Economics versus Economic Analysis of Law
SSRN Electronic Journal, 2011This paper distinguishes law and economics – conceived as an equal partnership between two disciplines – and economic analysis of law, conceived as the application of economic reasoning to legal rules and institutions. I explore the difference by contrasting Robert Aumann’s economic analysis of a text from the Talmud with an analysis of the same text ...
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2021
This introductory chapter provides an overview of the importance of the interface between economics and law. The rise in global conflict, the dramatic technological breakthroughs of the digital age, and the floundering of traditional law and economics has led to some soul searching about the fundamentals of law and economics.
Kaushik Basu, Robert C. Hockett
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This introductory chapter provides an overview of the importance of the interface between economics and law. The rise in global conflict, the dramatic technological breakthroughs of the digital age, and the floundering of traditional law and economics has led to some soul searching about the fundamentals of law and economics.
Kaushik Basu, Robert C. Hockett
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‘Economic Predilection and the Law’
American Political Science Review, 1937As 1937 brings into sharp focus the New Deal critique of the judiciary, the phrase “economic predilection” becomes a slogan rather than a subtle juristic evaluation. The famed dictum of Justice Holmes that there is an inarticulate major premise upon which major constitutional issues are decided was necessarily made an issue in government by an ...
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On the Economics of Law and Order
Journal of Political Economy, 1970Professor Becker has recently demonstrated the usefulness of "conventional " economic analysis in coming to grips with what is usually considered to be a noneconomic problem-crime and punishment (Becker 1968). In the article, he derives criteria for optimal levels of expenditure on law enforcement and form of punishment subject to a given legal ...
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Quality & Quantity, 2011
Some of Law and Economics' pivotal claims have come to be criticized as a result of empirical findings that question their viability. Particularly, the premise that agents consistently act rationally and with their self-interest in mind seems problematic.
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Some of Law and Economics' pivotal claims have come to be criticized as a result of empirical findings that question their viability. Particularly, the premise that agents consistently act rationally and with their self-interest in mind seems problematic.
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2011
International law is a system of rules and principles that govern international relations of the subjects of international law namely; sovereign States, international organisations, the entities which do not have the full requirements of statehood and individuals.
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International law is a system of rules and principles that govern international relations of the subjects of international law namely; sovereign States, international organisations, the entities which do not have the full requirements of statehood and individuals.
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Of Law and Economics and Economic Analysis of Law: The Role of the Lawyer
Global Jurist, 2019Abstract This is the first chapter of The Future of Law and Economics: Essays in Reform and Recollection by Guido Calabresi, first published by Yale University Press in 2016.
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