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Law, Economics and Cyberspace - The Effects of Cyberspace on the Economic Analysis of Law (Hardcover)
Loot Price: R2,801
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Law, Economics and Cyberspace - The Effects of Cyberspace on the Economic Analysis of Law (Hardcover)
Series: New Horizons in Law and Economics series
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This book argues that the Internet revolution should exert a far
more significant influence on economic thinking and on the
perception of law. The authors acknowledge that the economic
analysis of law provides a potentially powerful framework for
evaluating regulatory approaches to the Internet. However, they
question the capacity of traditional law and economics models to
define the scope of legal intervention, both in cyberspace and in
other more traditional markets which have also been influenced by
the recent technological revolution. The book examines the
conventional application of law and economics, and contends that
the new reality of cyberspace transforms the basic theoretical
tenets of this approach and requires fresh conceptual thinking. It
challenges fundamental concepts such as the notion of work as
linked to the workplace, the notion of community as linked to
geographical space, the sources of law and their traditional
connection with the state, the belief that proxies and
representatives are indispensable for collective action and public
decision-making processes, and the role of technology and its
relationship with the law. It covers the analysis of both economic
and non-economic markets, and includes a thorough examination of
legislation, case law and the academic literature relating to
cyberspace. The authors conclude that there is pressing need for
re-evaluating the analytical tools used to study the information
environment, and propose an innovative approach for the role of
technology within the law and economics framework. This book
represents a groundbreaking attempt to critically analyze the
suitability of traditional law and economics for the new digital
environment. Scholars and students working in the field of law and
economics, and lawyers interested in technology, intellectual
property, cyberlaw and governance will find this a stimulating and
thought-provoking volume.
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