The Future of Law and Economics
Book description
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…
Why read it?
1 author picked The Future of Law and Economics as one of their favorite books. Why do they recommend it?
In the past fifty years, economic analysis has contributed immensely to legal theory – in fact, it transformed the way legal scholars think about law, primarily in North America but increasingly around the globe.
In this book, one of the founding fathers of this school of thought takes stock of the contributions, limitations, and possible routes to advance law and economics.
Specifically, Calabresi tackles the normative shortcomings of economic analysis as a normative theory, considers ways to overcome these challenges, and highlights the ways in which law and legal thinking can contribute to positive and normative economic analysis.
From Eyal's list on ethics and economics.
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