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Law and Economics - Unraveling the Legal-Economic Nexus a Journey Into Law and Economics - cover

Law and Economics - Unraveling the Legal-Economic Nexus a Journey Into Law and Economics

Fouad Sabry

Publisher: One Billion Knowledgeable

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Summary

What is Law and Economics
 
Law and economics, often known as economic analysis of law, is the process of applying microeconomic theory to the study of law rather than the other way around. A number of economists from the Chicago school of economics, including Aaron Director, George Stigler, and Ronald Coase, were principally responsible for the pioneering work that led to the development of this subject in the United States during the early 1960s. For the purpose of explaining the impacts of laws, determining which legal rules are economically effective, and predicting which legal rules will be adopted, this field makes use of concepts from economics. There are two major branches of law and economics: the first is based on the application of the methods and theories of neoclassical economics to the positive and normative analysis of the law, and the second is centered on an institutional analysis of law and legal institutions, with a broader focus on economic, political, and social outcomes, and overlapping with analyses of the institutions of politics and governance. Both of these branches are considered to be important in the field of law and economics.
 
How you will benefit
 
(I) Insights, and validations about the following topics:
 
Chapter 1: Law and economics
 
Chapter 2: Ronald Coase
 
Chapter 3: Free-rider problem
 
Chapter 4: James M. Buchanan
 
Chapter 5: Coase theorem
 
Chapter 6: Chicago school of economics
 
Chapter 7: New institutionalism
 
Chapter 8: Guido Calabresi
 
Chapter 9: Armen Alchian
 
Chapter 10: Aaron Director
 
Chapter 11: Regulatory economics
 
Chapter 12: New institutional economics
 
Chapter 13: Harold Demsetz
 
Chapter 14: Virginia school of political economy
 
Chapter 15: Economic justice
 
Chapter 16: Property rights (economics)
 
Chapter 17: The Use of Knowledge in Society
 
Chapter 18: The Problem of Social Cost
 
Chapter 19: Arnold Plant
 
Chapter 20: Constitutional economics
 
Chapter 21: Francesco Parisi (economist)
 
(II) Answering the public top questions about law and economics.
 
(III) Real world examples for the usage of law and economics in many fields.
 
(IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of law and economics. (eBook only).
 
Who will benefit
 
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of law and economics.
Available since: 12/18/2023.
Print length: 161 pages.

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