A Kantian critique of neoclassical law and economics

Mark White ()

Review of Political Economy, 2006, vol. 18, issue 2, 235-252

Abstract: This paper outlines a critique of neoclassical law and economics based on the ethics of Immanuel Kant, focusing on four central topics: efficiency as the sole evaluative criterion for policy-making, hypothetical compensation in Kaldor-Hicks efficiency, the instrumental nature of rights and the assumption of reciprocal causation, and the role of punishment to both society and the individual. This overview addresses issues of concern not just to Kantians, but to anyone dissatisfied with the utilitarian foundations of law and economics and the amoral view of law upon which it is based.

Date: 2006
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DOI: 10.1080/09538250600571494

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