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Contemporary Issues in Law and Economics (Hardcover)
Loot Price: R4,473
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Contemporary Issues in Law and Economics (Hardcover)
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Law and economics is the field of study devoted to understanding
laws and legal institutions using the tools of economic theory.
This growing subject has become a mainstream area of study in both
law schools and economics departments and this book explores the
"law and economics" approach to some of the most interesting
questions, issues, and topics in law, order, and justice.
Contemporary Issues in Law and Economics considers what economists
call the "positive" analysis of the law - that is, using economic
theory to explain the nature of the law as it actually exists. As
part of this approach the author examines questions such as, what
is the economic basis for the predominance of negligence rules in
tort law? And, what is the explanation for the illegality of
blackmail? Furthermore, another set of questions arises where the
law seems to depart from the prescriptions of economic theory, and
these issues are also examined in this volume. For example, the
deeply rooted norm of proportionality between punishments and
crimes, and the use of escalating penalties for repeat offenders,
are both explored. With self-contained chapters written in a
non-technical style, this book offers a rigorous discussion of the
above themes while remaining accessible to those without formal
legal or economic training. It offers the ideal introduction to the
field of law and economics while also providing a basis for
students in more advanced courses.
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