Law and economics or economic analysis of law is the application of economic methods to analysis of law. Economic concepts are used to explain the effects of laws, to assess which legal rules are economically efficient, and to predict which legal rules will be promulgated..
Read more about Law And Economics: Relationship To Other Disciplines and Approaches, Origin and History, Important Scholars, Influence, Criticisms, Contemporary Developments, Universities With Law and Economics Programs
Famous quotes containing the words law and/or economics:
“But the creative person is subject to a different, higher law than mere national law. Whoever has to create a work, whoever has to bring about a discovery or deed which will further the cause of all of humanity, no longer has his home in his native land but rather in his work.”
—Stefan Zweig (18811942)
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)