Download or read book When Law and Economics Was a Dangerous Subject written by Nicola Giocoli and published by . This book was released on 2015 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the turn of the 20th century railroad regulation was hotly debated in the US. Railways were accused of abusing of their monopolistic positions, in particular by discriminating rates. Public opinion's pressure for tighter regulation led to the 1906 enactment of the Hepburn Act, which strengthened the powers of the Interstate Commerce Commission. American economists actively participated to the debate. While most of them sided with the pro-regulation camp, the best economic analysis came from those who used the logic of modern law and economics to demonstrate how most railroads' practices, including rate discrimination, were simply rational, pro-efficiency behavior. However, as relatively unknown Chicago University economist Hugo R. Meyer would discover, proposing that logic in public events could at that time cost you your academic career.
Download or read book Behavioral Law and Economics written by Eyal Zamir and published by Oxford University Press. This book was released on 2018 with total page 641 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past few decades, economic analysis of law has been challenged by a growing body of experimental and empirical studies that attest to prevalent and systematic deviations from the assumptions of economic rationality. While the findings on bounded rationality and heuristics and biases were initially perceived as antithetical to standard economic and legal-economic analysis, over time they have been largely integrated into mainstream economic analysis, including economic analysis of law. Moreover, the impact of behavioral insights has long since transcended purely economic analysis of law: in recent years, the behavioral movement has become one of the most influential developments in legal scholarship in general. Behavioral Law and Economics offers a state-of-the-art overview of the field. Eyal Zamir and Doron Teichman survey the entire body of psychological research that lies at the basis of behavioral analysis of law, and critically evaluate the core methodological questions of this area of research. Following this, the book discusses the fundamental normative questions stemming from the psychological findings on bounded rationality, and explores their implications for setting the law's goals and designing the means to attain them. The book then provides a systematic and critical examination of the contributions of behavioral studies to all major fields of law including: property, contracts, consumer protection, torts, corporate, securities regulation, antitrust, administrative, constitutional, international, criminal, and evidence law, as well as to the behavior of key players in the legal arena: litigants and judicial decision-makers.
Download or read book The Future of Law and Economics written by Guido Calabresi and published by Yale University Press. This book was released on 2016-01-28 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Corporation and the Twentieth Century written by Richard N. Langlois and published by Princeton University Press. This book was released on 2023-06-27 with total page 816 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Over the course of most of the twentieth century, new technologies drove increasing diversification and specialization within the economy. Du Pont, for example, which invented nylon during the Depression, managed the complexity of widespread diversification by pioneering the decentralized multidivisional organizational structure, which was almost universally adopted in large American firms after World War II. Whereas in the nineteenth century there had been just a handful of employees at their Wilmington headquarters, by 1972 there were perhaps 10,000 managers inhabiting a vast complex at the same location. The conventional wisdom is that this huge trend withdrew large swaths of the American economy from the realm of the free market and entrusted them to a new class of professional managers who had at their disposal increasingly powerful scientific methods of accounting and forecasting. It was the superior ministrations of these managers, apparently, not relative prices, that equilibrated supply and demand and made sure that goods flowed smoothly from raw materials to the final consumer. Economic historian Richard Langlois argues that it wasn't so simple. The Corporation and the Twentieth Century is an accessible account of American business enterprise and administrative planning, looking at both the rise and demise of managerial coordination, and the history of antitrust policy in this context. Offering an authoritative counterpoint to Alfred Chandler's classic The Visible Hand, Langlois shows how historic events in the twentieth century came together to drastically change the organization of American businesses. Contrary to the beliefs of some business historians, he maintains that large managerial corporations arose not because of their superiority, but as a result of systematic technological changes and larger historic forces, and that post-war events such as the Vietnam War and the fall of Bretton Woods culminated in the resurgence of market coordination, in the institutional innovations of deregulation, and in the creation of decentralized new technology. Controversially, Langlois argues that those antitrust policies viewed as successes in the past are in fact failures, and holds that there was never a period during which antitrust kept size, concentration or monopoly at bay"--
Download or read book The Economic Approach to Law Third Edition written by Thomas J. Miceli and published by Stanford University Press. This book was released on 2017-10-17 with total page 803 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master teacher Thomas J. Miceli provides an introduction to law and economics that reveals how economic principles can explain the structure of the law and make it more efficient. The third edition of this seminal textbook is thoroughly updated to include recent cases and the latest scholarship, with particular attention paid to torts, contracts, property rights, and the economics of crime. A new chapter organization, ideal for quarter- or semester-long courses, strengthens the book's focus on unifying themes in the field. As Miceli tells a cohesive, analytical "story" about law from a distinctly economic perspective, exercises and problems encourage students to deepen their knowledge. A companion website is available at http://www.sup.org/economiclaw. It offers a full suite of resources for both students and professors. Key pedagogical features include cases; discussion points that provide additional analysis of topics in the book; graduate notes, which enrich the text for more advanced readers; and relevant links. Professors have access to sample syllabi for undergraduate and graduate courses and an instructor's manual, which provides answers to all of the end-of-chapter questions and problems in the book.
Download or read book Law s Order written by David D. Friedman and published by Princeton University Press. This book was released on 2000 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher Fact Sheet Examines the relationship between economics & the law.
Download or read book The Law of Political Economy written by Poul F. Kjaer and published by Cambridge University Press. This book was released on 2020-04-23 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Political economy themes have - directly and indirectly - been a central concern of law and legal scholarship ever since political economy emerged as a concept in the early seventeenth century, a development which was re-inforced by the emergence of political economy as an independent area of scholarly enquiry in the eighteenth century, as developed by the French physiocrats. This is not surprising in so far as the core institutions of the economy and economic exchanges, such as property and contract, are legal institutions.In spite of this intrinsic link, political economy discourses and legal discourses dealing with political economy themes unfold in a largely separate manner. Indeed, this book is also a reflection of this, in so far as its core concern is how the law and legal scholarship conceive of and approach political economy issues"--
Download or read book Recognizing Wrongs written by John C. P. Goldberg and published by Harvard University Press. This book was released on 2020-02-04 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two preeminent legal scholars explain what tort law is all about and why it matters, and describe their own view of tort’s philosophical basis: civil recourse theory. Tort law is badly misunderstood. In the popular imagination, it is “Robin Hood” law. Law professors, meanwhile, mostly dismiss it as an archaic, inefficient way to compensate victims and incentivize safety precautions. In Recognizing Wrongs, John Goldberg and Benjamin Zipursky explain the distinctive and important role that tort law plays in our legal system: it defines injurious wrongs and provides victims with the power to respond to those wrongs civilly. Tort law rests on a basic and powerful ideal: a person who has been mistreated by another in a manner that the law forbids is entitled to an avenue of civil recourse against the wrongdoer. Through tort law, government fulfills its political obligation to provide this law of wrongs and redress. In Recognizing Wrongs, Goldberg and Zipursky systematically explain how their “civil recourse” conception makes sense of tort doctrine and captures the ways in which the law of torts contributes to the maintenance of a just polity. Recognizing Wrongs aims to unseat both the leading philosophical theory of tort law—corrective justice theory—and the approaches favored by the law-and-economics movement. It also sheds new light on central figures of American jurisprudence, including former Supreme Court Justices Oliver Wendell Holmes, Jr., and Benjamin Cardozo. In the process, it addresses hotly contested contemporary issues in the law of damages, defamation, malpractice, mass torts, and products liability.
Download or read book Including a Symposium on Austrian Economics in the Postwar Era written by Luca Fiorito and published by Emerald Group Publishing. This book was released on 2016-07-29 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Research in the History of Economic Methodology (RHETM) 34A, includes original research from preeminent scholars in the field.
Download or read book The Bureaucrat Kings written by Paul D. Moreno and published by Bloomsbury Publishing USA. This book was released on 2016-11-14 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provocative in nature, this work looks critically at the bureaucratic infrastructure behind the U.S. federal government, from its origins as a self-governing republic in the 18th century to its modern presence as a centralized institution. This fascinating critique analyzes the inner workings of the American government, suggesting that our federal system works not as a byproduct of the U.S. Constitution but rather as the result of liberal and progressive politics. Distinguished academic and political analyst Paul D. Moreno asserts that errant political movements have found "loopholes" in the U.S. Constitution, allowing for federal bureaucracy—a state he feels is a misinterpretation of America's founding dogma. He contends that constitutionalism and bureaucracy are innately incompatible... with the former suffering to accommodate the latter. According to Moreno, the leadership of the United States strayed from the democratic principles of the early founders and grew to what it is today—a myriad of bureaucratic red tape couched in unreasonable policies. A straightforward, chronological narrative explains how non-elected bureaucrats became powerful political mavens in America. Each chapter covers several decades and features events spanning from the early history of the United States through coverage of the Affordable Care Act (Obamacare) of 2010.
Download or read book The Antitrust Paradox written by Robert Bork and published by . This book was released on 2021-02-22 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.
Download or read book Law and Economics written by Robert Cooter and published by Addison Wesley Publishing Company. This book was released on 2000 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides students with a method for applying economic analysis to the study of legal rules and institutions. Four key areas of law are covered: property; contracts; torts; and crime and punishment. Added examples and cases help to clarify economic applications further.
Download or read book Law Society written by John Sutton and published by Pine Forge Press. This book was released on 2001 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: A core text for the Law and Society or Sociology of Law course offered in Sociology, Criminal Justice, Political Science, and Schools of Law. * John Sutton offers an explicitly analytical perspective to the subject - how does law change? What makes law more or less effective in solving social problems? What do lawyers do? * Chapter 1 contrasts normative and sociological perspectives on law, and presents a brief primer on the logic of research and inference as it is applied to law related issues. * Theories of legal change are discussed within a common conceptual framework that highlights the explantory strengths and weaknesses of different arguments. * Discussions of "law in action" are explicitly comparative, applying a consistent model to explain the variable outcomes of civil rights legislation. * Many concrete, in-depth examples throughout the chapters.
Download or read book Capitalism without Capital written by Jonathan Haskel and published by Princeton University Press. This book was released on 2018-10-16 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Early in the twenty-first century, a quiet revolution occurred. For the first time, the major developed economies began to invest more in intangible assets, like design, branding, and software, than in tangible assets, like machinery, buildings, and computers. For all sorts of businesses, the ability to deploy assets that one can neither see nor touch is increasingly the main source of long-term success. But this is not just a familiar story of the so-called new economy. Capitalism without Capital shows that the growing importance of intangible assets has also played a role in some of the larger economic changes of the past decade, including the growth in economic inequality and the stagnation of productivity. Jonathan Haskel and Stian Westlake explore the unusual economic characteristics of intangible investment and discuss how an economy rich in intangibles is fundamentally different from one based on tangibles. Capitalism without Capital concludes by outlining how managers, investors, and policymakers can exploit the characteristics of an intangible age to grow their businesses, portfolios, and economies.
Download or read book Economic Transplants written by Katja Langenbucher and published by Cambridge University Press. This book was released on 2017-10-19 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers a comprehensive theory on the risks and benefits of incorporating economic theory in capital markets and corporate lawmaking.
Download or read book Law and Economics for Civil Law Systems written by Ejan Mackaay and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ejan Mackaay offers a comprehensive look at the essential points of economic reasoning, the Coase Theorem, and legal institutions such as intellectual property, extra-contractual civil liability and contracts. The books structure mirrors the way law is taught in civil law countries, with structured presentations, references to civil code articles paired with non-technical explanations, and limited reliance on graphs. This English-language version builds on the success of the authors 2008 French-language textbook on law and economics from a civil law perspective.
Download or read book Harmonies of Political Economy written by Frédéric Bastiat and published by . This book was released on 1860 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt:
