In a concise, compelling argument, one of the founders and most influential advocates of the law and economics movement divides the subject into two separate areas, which he identifies with Jeremy Bentham and John Stuart Mill. The first, Benthamite, strain, "economic analysis of law," examines the legal system in the light of economic theory and shows how economics might render law more effective. The second strain, law and economics, gives equal status to law, and explores how the more realistic, less theoretical discipline of law can lead to improvements in economic theory. It is the latter approach that Judge Calabresi advocates, in a series of eloquent, thoughtful essays that will appeal to students and scholars alike.
The expert contributors to this work employ a variety of heterodox legal-economic theories to address a broad range of legal issues.
This book is a useful reference for both undergraduate and graduate students who are interested in law and economics, forensic economics, corporate white-collar crime, and legal studies.
Both the subject of Law of Economics and the need for a concise Encyclopedia is particularly relevant in Europe today.
New to the Fifth Edition: A streamlining of the products liability chapter A revised discussion of the redistributive effects of legal rules to reflect more recent scholarship on this topic The addition of several other refinements in the ...
This two volume Handbook is intended to foster the study of the legal system by economists. *The two volumes form a comprehensive and accessible survey of the current state of the field. *Chapters prepared by leading specialists of the area ...
In this book, Needham examines those aspects from the clear perspective of property rights.
Business students and researchers will also find value in this book's presentation of court decisions and exploration of economic development.
Guardsmark, Inc., 946 F. Supp. 495 (E.D. Ky. 1996), 196 Boulanger v. ... St. Paul Fire & Marine Ins. Co., 985 F.2d. 323 (7th Cir. 1993), 390 Brown v. ... State, 155 A. 153 (Md. 1931), 463 Byrne v. Boadle, [1863] 2 H. & C. 722, ...
Does economics conform to the First and the Second Law of Thermodynamics? In this important book, Reiner Kümmel takes us on a fascinating tour of these laws and their influence on natural, technological, and social evolution.
The Oxford Handbook of Law and Economics covers over one-hundred topics on issues ranging from law and neuroeconomics to European Union law and economics to feminist theory and law and economics.