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Efficiency, Sustainability, and Justice to Future Generations (Paperback, 2012 ed.)
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Efficiency, Sustainability, and Justice to Future Generations (Paperback, 2012 ed.)
Series: Law and Philosophy Library, 98
Expected to ship within 10 - 15 working days
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Fifty years after the famous essay "The Problem of Social Cost"
(1960) by the Nobel laureate Ronald Coase, Law and Economics seems
to have become the lingua franca of American jurisprudence, and
although its influence on European jurisprudence is only moderate
by comparison, it has also gained popularity in Europe. A highly
influential publication of a different nature was the Brundtland
Report (1987), which extended the concept of sustainability from
forestry to the whole of the economy and society. According to this
report, development is sustainable when it "meets the needs of the
present without compromising the ability of future generations to
meet their own needs". A key requirement of sustainable development
is justice to future generations. It is still a matter of fact that
the law as well as the theories of justice are generally restricted
to the resolution of conflicts between contemporaries and between
people living in the same country. This in turn raises a number of
questions: what is the philosophical justification for
intergenerational justice? What bearing does sustainability have on
the efficiency principle? How do we put a policy of sustainability
into practice, and what is the role of the law in doing so? The
present volume is devoted to these questions. In Part One, "Law and
Economics", the role of economic analysis and efficiency in law is
examined more closely. Part Two, "Law and Sustainability", engages
with the themes of sustainable development and justice to future
generations. Finally, Part Three, "Law, Economics and
Sustainability", addresses the interrelationships between the
different aspects.
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