Economics, property rights and economic analysis of law

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Chapter 3 in The Economic Analysis of Civil Law, 2022, pp 53-101 from Edward Elgar Publishing

Abstract: Economics was traditionally defined by specific subject areas. Its classical fields of application were related to the production and distribution of goods, economic growth, trade, and the analysis of inflation and unemployment. The effects of legal norms were often neglected. If, however, economics is defined as a social science that deals with how a society satisfies its material needs, the analysis of legal norms naturally also becomes a part of economics. The role of political parties, associations, firms, administrations, and state organs is also the subject of economics. Problems that belong to the core of the legal discipline, such as intent, negligence, product liability, crime and punishment, marriage law, and discrimination can be analyzed using economic methodology and hypotheses.

Keywords: Economics and Finance; Law - Academic (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (7)

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