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:
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