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, law and/or economics:
“We’re the victims of a disease called social prejudice, my child. These dear ladies of the law and order league are scouring out the dregs of the town. C’mon be a glorified wreck like me.”
—Dudley Nichols (1895–1960)
“Macavity, Macavity, there’s no one like Macavity,
He’s broken every human law, he breaks the law of gravity.”
—T.S. (Thomas Stearns)
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)