Freire EconomicsHistory ancient Near EastAustrian EconomicsKarl Polanyilaw and economicsmethodologyneo-institutional economicsproperty rightsscientific method Part of my research is located between philosophy and specific disciplines in the humanities and social sciences. Some crucial questions that anybody in my situation have to ask relate to theory: Was there any such thing as an economy, to begin with? Okay, the answer is straightforward:
What is Economic Analysis of Law? Two general ways of thinking about law and economics: How does law influence economic outcomes? How do law and regulations change incentives?
What are the costs and benefits of laws and regulations? How does economics give insight into legal issues and concerns?
Why do we get some laws and not others?
How are public choices made? Public choice theory 3. Legal analysis generally uses more inductive reasoning a. Law helps you understand economics: Law provides a lot of data to test economics theories.
Economic analysis often uses more deductive reasoning a.
Economics ties together diverse areas of law, providing a common theoretical structure. This is one attraction to legal scholars of the economic analysis of law.
Development of Law and Economics 1.
Rapid growth since b. Economists on staff in law schools. Law schools integrate economics into core teaching. Use of economic reasoning in judicial opinions Richard Posner: Chicago and 7th Circuit, Retired.
Judicial opinions that cite empirical economic studies.Lecture Notes on Law and Economics: Theory Elliott Ash July 29, Theselecturenotesareanattempttosynthesizethevarioussourcematerialsforthiscourse. Review for Midterm.
I: Determining property rules involves a set of questions: II. Coase Article: Explains the bicausal problem, the "all alternatives imperfect" problem, argues that the common law courts got things about right. 1. Introduction to Economics Lecture Notes 1.
Economics Defined - Economics is the study of the allocation of SCARCE resources to meet unlimited human wants. regulations or law designed to affect the accomplishment of specific economic goals.
a. Steps in formulating policy: 2. Law and economics or economic analysis of law is the application of economic theory (specifically microeconomic theory) to the analysis of law that began mostly with scholars from the Chicago school of economics. In this document description about Relationship between Law and Economics, Law and economics, Positive and negative factors, Difference between law and Economics,Explanation.
Class Outline: Economic Analysis of Law School of Law Santa Clara University D. Friedman.
Previous year's lecture notes and exams are or will be available on the web page and in the library. II. What is the Economic Analysis of Law? A. First Project: The consequences of legal rules.