Articles liés à Law and Economics: An Institutional Perspective

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9789400987685: Law and Economics: An Institutional Perspective

Synopsis

This book brings together a number of articles, for the most part already pub- lished, that develop a contemporary institutionalist approach to the study of the economic role of government. The institutionalist tradition in these matters began with the work of Henry Carter Adams on economics and jurisprudence! and Richard T. Ely on the relation of the institutions of property and contract 2 to the distribution of wealth. It continued with John R. Commons's monu- 3 mental analytical and historical study of the legal foundations of capitalism, Edwin E. Witte's work on the role of government in the economy,4 and Ken- s neth Parson's study of economic developmenL The approach to law and economics that is developed in this book centers on (1) an identification of the objective fundamentals of the interrelations between legal and economic pro- cesses and (2) the development of skills with which to analyze and predict the performance consequences of alternative institutional designs. We must stress that our principal goal is quite simply to understand what is going on-to identify the instrumental variables and fundamental issues and processes-in the operation of legal institutions of economic significance. We envision government as an object of legal control. We also see law as an instrument of securing economic gain and advantage-that is, as a wealth- producing and -acquiring alternative.

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Présentation de l'éditeur

Edited and introduced by a leading academic in the field, this is a new Routledge Major Work in the Critical Concepts in Law series. Law and Economics is a five-volume collection of canonical and cutting-edge research on the application of economic theory - primarily microeconomics and the basic concepts of welfare economics—to the examination of the formation, structure, processes and economic impact of law and legal institutions. Economic concepts have been applied to explain and clarify legal issues, not only with respect to competition law, but also in respect of a wide range of non-market activities, ranging from issues of tortuous liability and compensation, to family matters and crime. Law and Economics has influenced legislation and the development of Anglo-American case law and has become a central part of legal and economic education and research at some of the most prestigious universities on both sides of the Atlantic.

This collection provides users with a collection of original articles that represent the source materials upon which each of the various Law and Economics schools of thought are founded—including the Chicago approach and the New Haven School; public-choice theory and modern civic republicanism; institutional law and economics and the new institutional economics; social norms and law and economics; and Austrian law and economics. As well as the editor’s selection of foundational texts, his collection also brings together and makes readily accessible the very best of cutting-edge research in Law and Economics.
Including a newly written introduction to each school of thought, a comprehensive index, and a chronological table of the articles, Law and Economics is a unique and valuable research resource for both student and scholar.

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