Vazba mezi právem, ekonomií a hospodářstvím

Linkage of law, economics and economy

Lukáš Bortel

Politická ekonomie, 2005, vol. 2005, issue 5, 661-674

Abstract: The paper deals with an issue of interrelation between law, economics and economy. For a long time, legal science has been interconnected with economics; nonetheless, it was economics which diverted from their mutual cohabitation. At the present time, it is the case of economists who applying their methodology, within law and economics movement in particular, started to bridge that lacuna and enrich legal science and lawmaking processes. This is of a crucial importance, since law shall be regarded as one of the factors which have a capacity to influence the economic output. Therefore, modern regulatory state must ensure a deeper and wider commitment to cost-benefit analysis and assess costs whilst excluding low benefits in legislative processes.

Keywords: regulation; law and economics; common law; legal system; posner; capture theory; cost and benefit analysis; Kaldor-Hicks (search for similar items in EconPapers)
JEL-codes: G1 K00 K1 K2 (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:prg:jnlpol:v:2005:y:2005:i:5:id:529:p:661-674

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DOI: 10.18267/j.polek.529

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