SettingsLaw and economics
A Failure of Capitalism
A Failure of Capitalism (more fully entitled A Failure of Capitalism: The Crisis of '08 and the Descent into Depression) is a major 2009 nonfiction book by Judge Richard Posner, th...
A Failure of Capitalism (more fully entitled A Failure of Capitalism: The Crisis of '08 and the Descent into Depression) is a major 2009 nonfiction book by Judge Richard Posner, th...
Agency cost
An agency cost is an economic concept that relates to the cost incurred by an entity (such as organizations) associated with problems such as divergent management-shareholder objectives and info...
An agency cost is an economic concept that relates to the cost incurred by an entity (such as organizations) associated with problems such as divergent management-shareholder objectives and info...
Alternative compensation system
Various alternative compensation systems (ACS) have been proposed as ways to allow the widespread reproduction of digital copyrighted works while still paying the authors and copyright own...
Various alternative compensation systems (ACS) have been proposed as ways to allow the widespread reproduction of digital copyrighted works while still paying the authors and copyright own...
Appropriation (economics)
Appropriation is a non-violent process by which previously unowned natural resources, particularly land, become the property of a person or group of persons.
Appropriation is a non-violent process by which previously unowned natural resources, particularly land, become the property of a person or group of persons.
Armen Alchian
Armen Albert Alchian is an American economist and an emeritus professor of economics at the University of California, Los Angeles.
Armen Albert Alchian is an American economist and an emeritus professor of economics at the University of California, Los Angeles.
Bayesian efficiency
Bayesian efficiency addresses an appropriate economic definition of Pareto efficiency where there is incomplete information.
Bayesian efficiency addresses an appropriate economic definition of Pareto efficiency where there is incomplete information.
Bruce L. Benson
Dr. Bruce L. Benson (born March 18, 1949) is an American academic economist who is widely recognized as an authority on law and economics and a major exponent of anarcho-capitalism legal theory.
Dr. Bruce L. Benson (born March 18, 1949) is an American academic economist who is widely recognized as an authority on law and economics and a major exponent of anarcho-capitalism legal theory.
Calculus of negligence
In the United States, the calculus of negligence, or Hand rule or Hand formula, is a term coined by Judge Learned Hand and describes a process for determining whether a legal duty of...
In the United States, the calculus of negligence, or Hand rule or Hand formula, is a term coined by Judge Learned Hand and describes a process for determining whether a legal duty of...
Centre for the Comparative Analysis of Law and Economics, Economics of Law, Economics of Institutions
CLEI, the Centre for the Comparative Analysis of Law and Economics, Economics of Law, Economics of Institutions is a research center founded in 2004 by four renowned research universities,...
CLEI, the Centre for the Comparative Analysis of Law and Economics, Economics of Law, Economics of Institutions is a research center founded in 2004 by four renowned research universities,...
Coase theorem
In law and economics, the Coase theorem, attributed to Nobel Prize laureate Ronald Coase, describes the economic efficiency of an economic allocation or outcome in the presence of externalities.
In law and economics, the Coase theorem, attributed to Nobel Prize laureate Ronald Coase, describes the economic efficiency of an economic allocation or outcome in the presence of externalities.
Collegio Carlo Alberto
Collegio Carlo Alberto is one of the "colleges" of the University of Turin, located in the town of Moncalieri, northern Italy, in the province of Turin.
Collegio Carlo Alberto is one of the "colleges" of the University of Turin, located in the town of Moncalieri, northern Italy, in the province of Turin.
Companies law
Companies law is the field of law concerning companies and other business organizations.
Companies law is the field of law concerning companies and other business organizations.
Complex structure theory in English law
Complex structure theory in English law refers to an attempt to circumvent the general rule that one cannot sue for solely pure economic loss in English tort law.
Complex structure theory in English law refers to an attempt to circumvent the general rule that one cannot sue for solely pure economic loss in English tort law.
Constitutional economics
Constitutional economics is a research program in economics and constitutionalism that has been described as extending beyond the definition of "the economic analysis of constitutional law" in e...
Constitutional economics is a research program in economics and constitutionalism that has been described as extending beyond the definition of "the economic analysis of constitutional law" in e...
Contract awarding
Contract awarding is the method used during a procurement in order to evaluate the proposals (tender offers) taking part and award the relevant contract.
Contract awarding is the method used during a procurement in order to evaluate the proposals (tender offers) taking part and award the relevant contract.
Contract theory
In economics, contract theory studies how economic actors can and do construct contractual arrangements, generally in the presence of asymmetric information.
In economics, contract theory studies how economic actors can and do construct contractual arrangements, generally in the presence of asymmetric information.
Daniel Fischel
Daniel R. Fischel (born 1950) is the emeritus Lee and Brena Freeman Professor of Law and Business and former Dean of University of Chicago Law School, and a co-founder of Lexecon.
Daniel R. Fischel (born 1950) is the emeritus Lee and Brena Freeman Professor of Law and Business and former Dean of University of Chicago Law School, and a co-founder of Lexecon.
Deep pocket
Deep pocket is an American slang term; it usually means "extensive financial wealth or resources".
Deep pocket is an American slang term; it usually means "extensive financial wealth or resources".
Donald J. Boudreaux
Donald J. Boudreaux is an economist from New Orleans, LA who became chairman of the department of economics at George Mason University in August 2001 and stepped down in August 2009.
Donald J. Boudreaux is an economist from New Orleans, LA who became chairman of the department of economics at George Mason University in August 2001 and stepped down in August 2009.
Douglas Melamed
A. Douglas Melamed is a nationally known American legal scholar who is currently Senior Vice President and General Counsel at Intel Corporation.
A. Douglas Melamed is a nationally known American legal scholar who is currently Senior Vice President and General Counsel at Intel Corporation.
Economic law
In the legal system of the Soviet Union, economic law was the legal theory and system under which economic relations were a legal discipline independent of criminal law and civil law.
In the legal system of the Soviet Union, economic law was the legal theory and system under which economic relations were a legal discipline independent of criminal law and civil law.
Economics and patents
Patents are legal instruments intended to encourage innovation by providing a limited monopoly to the inventor in return for the disclosure of the invention.
Patents are legal instruments intended to encourage innovation by providing a limited monopoly to the inventor in return for the disclosure of the invention.
Efficient breach
Efficient breach is a concept within legal theory, particularly law and economics, referring to a voluntary breach of contract and payment of damages by a party who concludes that they would inc...
Efficient breach is a concept within legal theory, particularly law and economics, referring to a voluntary breach of contract and payment of damages by a party who concludes that they would inc...
Forensic economics
Forensic economics is the scientific discipline that applies economic theories and methods to the issue of pecuniary damages as specified by case law and legislative codes.
Forensic economics is the scientific discipline that applies economic theories and methods to the issue of pecuniary damages as specified by case law and legislative codes.
Frank H. Easterbrook
Frank Hoover Easterbrook (born 1948) is the Chief Judge of the United States Court of Appeals for the Seventh Circuit.
Frank Hoover Easterbrook (born 1948) is the Chief Judge of the United States Court of Appeals for the Seventh Circuit.
Freedom and the Law
Freedom and the Law is the most important book written by Italian jurist and philosopher Bruno Leoni.
Freedom and the Law is the most important book written by Italian jurist and philosopher Bruno Leoni.
George L. Priest
George L. Priest is the John M. Olin Professor of Law and Economics and Director of the John M. Olin Center for Law, Economics, and Public Policy at Yale Law School.
George L. Priest is the John M. Olin Professor of Law and Economics and Director of the John M. Olin Center for Law, Economics, and Public Policy at Yale Law School.
Gerrit De Geest
Gerrit De Geest (born 1960) is a Belgian legal scholar and writer specializing in contract law, law and economics and comparative law.
Gerrit De Geest (born 1960) is a Belgian legal scholar and writer specializing in contract law, law and economics and comparative law.
Goods and Services Tax (Hong Kong)
Goods and Services Tax (GST) was a proposed Value Added Tax in Hong Kong.
Goods and Services Tax (GST) was a proposed Value Added Tax in Hong Kong.
Guido Calabresi
Guido Calabresi is an Italian American legal scholar and senior judge on the U.S. Court of Appeals for the Second Circuit.
Guido Calabresi is an Italian American legal scholar and senior judge on the U.S. Court of Appeals for the Second Circuit.
Harold Demsetz
Harold Demsetz is a professor emeritus of economics at the University of California at Los Angeles.
Harold Demsetz is a professor emeritus of economics at the University of California at Los Angeles.
Hedonic damages
Hedonic Damages, an economic term of art, refers to loss of enjoyment of life damages, the intangible value of life, as distinct from the human capital value or lost earnings value.
Hedonic Damages, an economic term of art, refers to loss of enjoyment of life damages, the intangible value of life, as distinct from the human capital value or lost earnings value.
Hedonology
Hedonology, (Hedonics) is the study of the impact an injury or incident had on a persons lifestyle.
Hedonology, (Hedonics) is the study of the impact an injury or incident had on a persons lifestyle.
Henningsen v. Bloomfield Motors
In Henningsen v. Bloomfield Motors, Inc., 32 N.J. 358, 161 A.2d 69 (N.J. 1960), the New Jersey Supreme Court held that an automobile manufacturer's attempt to use an express warranty which d...
In Henningsen v. Bloomfield Motors, Inc., 32 N.J. 358, 161 A.2d 69 (N.J. 1960), the New Jersey Supreme Court held that an automobile manufacturer's attempt to use an express warranty which d...
Imperial Preference
Imperial Preference was a proposed system of reciprocally-levelled tariffs or free trade agreements between the dominions and colonies within the British Empire.
Imperial Preference was a proposed system of reciprocally-levelled tariffs or free trade agreements between the dominions and colonies within the British Empire.
Information asymmetry
In economics and contract theory, information asymmetry deals with the study of decisions in transactions where one party has more or better information than the other.
In economics and contract theory, information asymmetry deals with the study of decisions in transactions where one party has more or better information than the other.
Journal of Competition Law & Economics
The Journal of Competition Law & Economics (print:, online: ) is a quarterly peer-reviewed law journal dedicated to competition law and economics, published by Oxford University Press.
The Journal of Competition Law & Economics (print:, online: ) is a quarterly peer-reviewed law journal dedicated to competition law and economics, published by Oxford University Press.
Judicial economy
Judicial economy refers broadly to the principle that the limited resources of the legal system or a given court should be conserved.
Judicial economy refers broadly to the principle that the limited resources of the legal system or a given court should be conserved.
Kaldor-Hicks efficiency
Kaldor–Hicks efficiency, named for Nicholas Kaldor and John Hicks, also known as Kaldor–Hicks criterion, is a measure of economic efficiency that captures some of the intuitive appeal of P...
Kaldor–Hicks efficiency, named for Nicholas Kaldor and John Hicks, also known as Kaldor–Hicks criterion, is a measure of economic efficiency that captures some of the intuitive appeal of P...
Kaldor–Hicks efficiency
Kaldor–Hicks efficiency, named for Nicholas Kaldor and John Hicks, also known as the Kaldor–Hicks criterion or Scitovsky criterion, is a measure of economic efficiency that captures ...
Kaldor–Hicks efficiency, named for Nicholas Kaldor and John Hicks, also known as the Kaldor–Hicks criterion or Scitovsky criterion, is a measure of economic efficiency that captures ...
Law and economics
Law and economics or economic analysis of law is the application of economic methods to analysis of law.
Law and economics or economic analysis of law is the application of economic methods to analysis of law.
Legal origins theory
In economics, the legal origins theory states that many aspects of a country's economic state of development are the result of their legal system, most of all where a particular country received...
In economics, the legal origins theory states that many aspects of a country's economic state of development are the result of their legal system, most of all where a particular country received...
Nexus of contracts
The nexus of contracts theory is an idea put forth by a number of economists and legal commentators (most notable Frank Easterbrook of the United States Court of Appeals for the Seventh Circuit)...
The nexus of contracts theory is an idea put forth by a number of economists and legal commentators (most notable Frank Easterbrook of the United States Court of Appeals for the Seventh Circuit)...
Pareto efficiency
Pareto efficiency, or Pareto optimality, is a concept in economics with applications in engineering and social sciences.
Pareto efficiency, or Pareto optimality, is a concept in economics with applications in engineering and social sciences.
Prior-appropriation water rights
Prior appropriation water rights, sometimes known as the Colorado Doctrine in reference to the U.S. Supreme Court case Wyoming v. Colorado, is a system of allocating water rights from ...
Prior appropriation water rights, sometimes known as the Colorado Doctrine in reference to the U.S. Supreme Court case Wyoming v. Colorado, is a system of allocating water rights from ...
Private defense agency
A private defense agency (PDA) is a conceptualized agency that provides personal protection and military defense services voluntarily through the free market.
A private defense agency (PDA) is a conceptualized agency that provides personal protection and military defense services voluntarily through the free market.
Property rights (economics)
A property right is the exclusive authority to determine how a resource is used, whether that resource is owned by government or by individuals.
A property right is the exclusive authority to determine how a resource is used, whether that resource is owned by government or by individuals.
Property Rules, Liability Rules and Inalienability: One View of the Cathedral
Property Rules, Liability Rules and Inalienability: One View of the Cathedral is an article in the scholarly legal literature (Harvard Law Review, Vol.85, p.1089, April 1972), authored b...
Property Rules, Liability Rules and Inalienability: One View of the Cathedral is an article in the scholarly legal literature (Harvard Law Review, Vol.85, p.1089, April 1972), authored b...
Pure economic loss
"Pure economic loss" is usually not recoverable in law as damages or otherwise.
"Pure economic loss" is usually not recoverable in law as damages or otherwise.
Pure economic loss in English Law
Pure economic loss in English law, arising from negligence, has traditionally been limited.
Pure economic loss in English law, arising from negligence, has traditionally been limited.
Richard Posner
Richard Allen Posner is an American jurist, legal theorist, and economist who is currently a judge on the United States Court of Appeals for the Seventh Circuit in Chicago and a Senior Lecturer ...
Richard Allen Posner is an American jurist, legal theorist, and economist who is currently a judge on the United States Court of Appeals for the Seventh Circuit in Chicago and a Senior Lecturer ...
Ronald Coase
Ronald Harry Coase is a British-born, American-based economist and the Clifton R. Musser Professor Emeritus of Economics at the University of Chicago Law School.
Ronald Harry Coase is a British-born, American-based economist and the Clifton R. Musser Professor Emeritus of Economics at the University of Chicago Law School.
Socialism for the rich and capitalism for the poor
Socialism for the rich and capitalism for the poor is a classical political-economic argument, stating that in the advanced capitalist societies state policies assure that more resources flow t...
Socialism for the rich and capitalism for the poor is a classical political-economic argument, stating that in the advanced capitalist societies state policies assure that more resources flow t...
Steven N. S. Cheung
Steven Ng-Sheong Cheung, a Hong Kong born economist, specializes in the fields of transaction costs and property rights.
Steven Ng-Sheong Cheung, a Hong Kong born economist, specializes in the fields of transaction costs and property rights.
The Costs of Accidents
The Costs of Accidents: A Legal and Economic Analysis (1970) by Guido Calabresi is a work in the law and economics tradition because it provides an economic efficiency analysis of the rules ...
The Costs of Accidents: A Legal and Economic Analysis (1970) by Guido Calabresi is a work in the law and economics tradition because it provides an economic efficiency analysis of the rules ...
The Nature of the Firm
The Nature of the Firm, is an influential article by Ronald Coase.
The Nature of the Firm, is an influential article by Ronald Coase.
The Problem of Social Cost
The Problem of Social Cost (1960) 3 Journal of Law and Economics 1, by Ronald Coase is an article dealing with economic problem of externalities.
The Problem of Social Cost (1960) 3 Journal of Law and Economics 1, by Ronald Coase is an article dealing with economic problem of externalities.
Ugo Mattei
Ugo Mattei (born 1961 in Turin, Piedmont) is the Alfred and Hanna Fromm Chair in International and Comparative Law at the University of California, Hastings College of the Law in San Francisco, ...
Ugo Mattei (born 1961 in Turin, Piedmont) is the Alfred and Hanna Fromm Chair in International and Comparative Law at the University of California, Hastings College of the Law in San Francisco, ...
United States v. Carroll Towing Co.
United States v. Carroll Towing Co. 159 F.2d 169 is a decision from the 2nd Circuit Court of Appeals that proposed a test to determine the standard of care for the tort of negligence.
United States v. Carroll Towing Co. 159 F.2d 169 is a decision from the 2nd Circuit Court of Appeals that proposed a test to determine the standard of care for the tort of negligence.
Virginia school of political economy
The Virginia school of political economy is a term applied to a school of economic thought in originating in universities of Virginia centred successively at the University of Virginia, Virginia...
The Virginia school of political economy is a term applied to a school of economic thought in originating in universities of Virginia centred successively at the University of Virginia, Virginia...
William Landes
William M. Landes (born c. 1939) is an economist who has written widely about the economic analysis of law.
William M. Landes (born c. 1939) is an economist who has written widely about the economic analysis of law.