This product may not be available anymore. Click here for similar products.

Efficiency Instead of Justice?: Searching for the Philosophical Foundations of the Economic Analysis of Law (Law and Philosophy Library)

Efficiency Instead of Justice?: Searching for the Philosophical Foundations of the Economic Analysis of Law (Law and Philosophy Library)

Last update 11 months ago

768 EGP

LiveOut of stock
Last update 11 months ago

Economic analysis of law is an interesting and challenging attempt to employ the concepts and reasoning methods of modern economic theory so as to gain a deeper understanding of...

Search for similar items

Economic analysis of law is an interesting and challenging attempt to employ the concepts and reasoning methods of modern economic theory so as to gain a deeper understanding of...

Efficiency Instead of Justice?: Searching for the Philosophical Foundations of the Economic Analysis of Law (Law and Philosophy Library) Details

  • The best price of Efficiency Instead of Justice?: Searching for the Philosophical Foundations of the Economic Analysis of Law (Law and Philosophy Library) by CAIRO BOOKS in Egypt is 768 EGP
  • Available payment methods are
    Cash on Delivery
  • Delivery fees are 10 EGP, with delivery expected within 5-8 day(s)
  • The first appearance of this product was on Aug 19, 2014

CAIRO BOOKS's Description

Economic analysis of law is an interesting and challenging attempt to employ the concepts and reasoning methods of modern economic theory so as to gain a deeper understanding of legal problems. According to Richard A. Posner it is the role of the law to encourage market competition and, where the market fails because transaction costs are too high, to simulate the result of competitive markets. This would maximize economic efficiency and social wealth. In this work, the lawyer and economist Klaus Mathis critically appraises Posner’s normative justification of the efficiency paradigm from the perspective of the philosophy of law. Posner acknowledges the influences of Adam Smith and Jeremy Bentham, whom he views as the founders of normative economics. He subscribes to Smith’s faith in the market as an ideal allocation model, and to Bentham’s ethical consequentialism. Finally, aligning himself with John Rawls’s contract theory, he seeks to legitimize his concept of wealth maximization with a consensus theory approach. In his interdisciplinary study, the author points out the possibilities as well as the limits of economic analysis of law. It provides a method of analysing the law which, while very helpful, is also rather specific. The efficiency arguments therefore need to be incorporated into a process for resolving value conflicts. In a democracy this must take place within the political decision-making process. In this clearly written work, Klaus Mathis succeeds in making even non-economists more aware of the economic aspects of the law.

Reviews of Efficiency Instead of Justice?: Searching for the Philosophical Foundations of the Economic Analysis of Law (Law and Philosophy Library)

  • No reviews exist yet for this product.