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Efficiency Instead of Justice?: Searching for the Philosophical Foundations of the Economic Analysis of Law: 84 (Law and Philosophy Library)

Klaus Mathis




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 | #3348184 in eBooks |  2009-03-18 |  2009-03-18 | File type: PDF

||From the Back Cover||Economic analysis of law is an interesting and challenging attempt to employ the concepts and reasoning methods of modern economic theory so as to gain a deeper understanding of legal problems. According to Richard A. Posner it is the role o

Economic analysis of law is an interesting and challenging attempt to employ the concepts and reasoning methods of modern economic theory so as to gain a deeper understanding of legal problems. According to Richard A. Posner it is the role of the law to encourage market competition and, where the market fails because transaction costs are too high, to simulate the result of competitive markets. This would maximize economic efficiency and social wealth.


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