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Adam Smith and the Philosophy of Law and Economics

Author : R.P. Malloy
Publisher : Springer Science & Business Media
ISBN 13 : 9401107483
Total Pages : 227 pages
Book Rating : 4.4/5 (11 download)

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Book Synopsis Adam Smith and the Philosophy of Law and Economics by : R.P. Malloy

Download or read book Adam Smith and the Philosophy of Law and Economics written by R.P. Malloy and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adam Smith and the Philosophy of Law and Economics is a unique book. Malloy and Evensky bring together a team of international and interdisciplinary scholars to address the work of Adam Smith as it relates to law and economics. In addition to their own contributions, the book includes works by Dr. John W. Cairns of the University of Edinburgh, Dr. J. Ralph Lindgren of Lehigh University, Professor Kenneth A.B. Mackinnon of the University of Waikato, and the Honorable Richard A. Posner of the United States Circuit Court of Appeals. Together these authors bring expertise from the areas of law, philosophy, history, economics, and law and economics to a new study of Adam Smith and his work. Part One of the book presents new and important observations on Smith's views on community, ethics, the court system, criminal law, and delictual or tort law liability. In this part of the book Smith's work is also examined from the perspective of his use as persuasive authority in the works of modern legal economists. In Part Two the `living Smith' is explored by way of a debate between two major contributors in the field of law and economics. The debate and its analysis create a unique and contemporary opportunity to study Smith as a foundational source in the midst of a current academic and social policy dispute. The understanding of Adam Smith that emerges from this book is new and complex. It will challenge the one-dimensional portrayals of Smith as a promoter of self-interest and it will correct many of the misinterpretations of Smith that are currently fashionable in the worlds of law and economics and the philosophy of law.

About Law, Economics and Argumentation

Author : Alberto Barbosa Jr.
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis About Law, Economics and Argumentation by : Alberto Barbosa Jr.

Download or read book About Law, Economics and Argumentation written by Alberto Barbosa Jr. and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Optimists would say the Brazilian competition policy has been a successful case of antitrust revolution in Latin America. However, the perceived success of competition law hides old inconsistencies in antitrust practice regarding an unusual topic: the interplay between merger control and labor market regulation in the 1990s. That policy interplay could well be seen as only an old miscarriage of “antitrust justice” in developing countries. It may not be the case, though. Past intersections of different regulatory domains, and the lack of accountability as to the reasons for abandoning labor concerns, can still affect the legitimacy of competition policy. Such failures in policy-making could also create conflicts between the Brazilian Competition Authority (CADE) and authorities responsible for enforcing labor laws. In view of those potential hurdles to antitrust implementation, this paper takes a normative stance on the question of how CADE could justify what appears to be a definitive shift in competition policy away from labor market regulation. My analysis is centered on policy justifications: instances of legal argumentation meant to support implementing decisions. Accordingly, antitrust decision-making is framed within the argumentative discourse of competition law, as a product of practical reasoning informed by legal rules and economic knowledge. That said, I do not offer a positive answer as to whether and how CADE should justify its decision to break the interplay between merger control and the regulation of labor markets. Instead, my claim is only that, in defense of such implementation choice, justifications grounded on economic theory may become, in practice, an informal fallacy. This paper thus contributes to the literature by identifying logical flaws in arguments that could justify a policy decision implicit in Brazilian competition law. As an unusual topic in antitrust policy, the broken interplay between merger control and labor market regulation also allows me to explore the impact of economic indeterminacy on legal discourse. I demonstrate that disagreements among economists can reduce the plausibility of arguments based on economic consequences. In doing so, this paper challenges some uses of economic analysis of law, as argumentation technique, in legal reasoning.

Handbook of Legal Reasoning and Argumentation

Author : Giorgio Bongiovanni
Publisher : Springer
ISBN 13 : 9048194520
Total Pages : 773 pages
Book Rating : 4.0/5 (481 download)

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Book Synopsis Handbook of Legal Reasoning and Argumentation by : Giorgio Bongiovanni

Download or read book Handbook of Legal Reasoning and Argumentation written by Giorgio Bongiovanni and published by Springer. This book was released on 2018-07-02 with total page 773 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook addresses legal reasoning and argumentation from a logical, philosophical and legal perspective. The main forms of legal reasoning and argumentation are covered in an exhaustive and critical fashion, and are analysed in connection with more general types (and problems) of reasoning. Accordingly, the subject matter of the handbook divides in three parts. The first one introduces and discusses the basic concepts of practical reasoning. The second one discusses the general structures and procedures of reasoning and argumentation that are relevant to legal discourse. The third one looks at their instantiations and developments of these aspects of argumentation as they are put to work in the law, in different areas and applications of legal reasoning.

Arguing About Law

Author : Aileen Kavanagh
Publisher : Routledge
ISBN 13 : 113502913X
Total Pages : 1291 pages
Book Rating : 4.1/5 (35 download)

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Book Synopsis Arguing About Law by : Aileen Kavanagh

Download or read book Arguing About Law written by Aileen Kavanagh and published by Routledge. This book was released on 2013-12-16 with total page 1291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Arguing about Law introduces philosophy of law in an accessible and engaging way. The reader covers a wide range of topics, from general jurisprudence, law, the state and the individual, to topics in normative legal theory, as well as the theoretical foundations of public and private law. In addition to including many classics, Arguing About Law also includes both non-traditional selections and discussion of timely topical issues like the legal dimension of the war on terror. The editors provide lucid introductions to each section in which they give an overview of the debate and outline the arguments of the papers, helping the student get to grips with both the classic and core arguments and emerging debates in: the nature of law legality and morality the rule of law the duty to obey the law legal enforcement of sexual morality the nature of rights rights in an age of terror constitutional theory tort theory. Arguing About Law is an inventive and stimulating reader for students new to philosophy of law, legal theory and jurisprudence.

Law, Economics, and Morality

Author : Eyal Zamir
Publisher : Oxford University Press
ISBN 13 : 0199707200
Total Pages : 376 pages
Book Rating : 4.1/5 (997 download)

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Book Synopsis Law, Economics, and Morality by : Eyal Zamir

Download or read book Law, Economics, and Morality written by Eyal Zamir and published by Oxford University Press. This book was released on 2010-02-24 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Law, Economics, and Morality examines the possibility of combining economic methodology and deontological morality through explicit and direct incorporation of moral constraints into economic models. Economic analysis of law is a powerful analytical methodology. However, as a purely consequentialist approach, which determines the desirability of acts and rules solely by assessing the goodness of their outcomes, standard cost-benefit analysis (CBA) is normatively objectionable. Moderate deontology prioritizes such values as autonomy, basic liberties, truth-telling, and promise-keeping over the promotion of good outcomes. It holds that there are constraints on promoting the good. Such constraints may be overridden only if enough good (or bad) is at stake. While moderate deontology conforms to prevailing moral intuitions and legal doctrines, it is arguably lacking in methodological rigor and precision. Eyal Zamir and Barak Medina argue that the normative flaws of economic analysis can be rectified without relinquishing its methodological advantages and that moral constraints can be formalized so as to make their analysis more rigorous. They discuss various substantive and methodological choices involved in modeling deontological constraints. Zamir and Medina propose to determine the permissibility of any act or rule infringing a deontological constraint by means of mathematical threshold functions. Law, Economics, and Morality presents the general structure of threshold functions, analyzes their elements and addresses possible objections to this proposal. It then illustrates the implementation of constrained CBA in several legal fields, including contract law, freedom of speech, antidiscrimination law, the fight against terrorism, and legal paternalism.

Law's Order

Author : David D. Friedman
Publisher : Princeton University Press
ISBN 13 : 1400823471
Total Pages : 339 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Law's Order by : David D. Friedman

Download or read book Law's Order written by David D. Friedman and published by Princeton University Press. This book was released on 2001-07-02 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: What does economics have to do with law? Suppose legislators propose that armed robbers receive life imprisonment. Editorial pages applaud them for getting tough on crime. Constitutional lawyers raise the issue of cruel and unusual punishment. Legal philosophers ponder questions of justness. An economist, on the other hand, observes that making the punishment for armed robbery the same as that for murder encourages muggers to kill their victims. This is the cut-to-the-chase quality that makes economics not only applicable to the interpretation of law, but beneficial to its crafting. Drawing on numerous commonsense examples, in addition to his extensive knowledge of Chicago-school economics, David D. Friedman offers a spirited defense of the economic view of law. He clarifies the relationship between law and economics in clear prose that is friendly to students, lawyers, and lay readers without sacrificing the intellectual heft of the ideas presented. Friedman is the ideal spokesman for an approach to law that is controversial not because it overturns the conclusions of traditional legal scholars--it can be used to advocate a surprising variety of political positions, including both sides of such contentious issues as capital punishment--but rather because it alters the very nature of their arguments. For example, rather than viewing landlord-tenant law as a matter of favoring landlords over tenants or tenants over landlords, an economic analysis makes clear that a bad law injures both groups in the long run. And unlike traditional legal doctrines, economics offers a unified approach, one that applies the same fundamental ideas to understand and evaluate legal rules in contract, property, crime, tort, and every other category of law, whether in modern day America or other times and places--and systems of non-legal rules, such as social norms, as well. This book will undoubtedly raise the discourse on the increasingly important topic of the economics of law, giving both supporters and critics of the economic perspective a place to organize their ideas.

Law and Economics

Author : Dana Gold
Publisher : Emerald Group Publishing
ISBN 13 : 1848553358
Total Pages : 300 pages
Book Rating : 4.8/5 (485 download)

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Book Synopsis Law and Economics by : Dana Gold

Download or read book Law and Economics written by Dana Gold and published by Emerald Group Publishing. This book was released on 2009-05-08 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the relationship between law and economics principles and the promotion of social justice. This title includes chapters that invoke the lens of corporate law theory or the corporate context as part of their analysis of the intersection of economics and social justice.

Economic Methods for Lawyers

Author : Emanuel V. Towfigh
Publisher :
ISBN 13 : 9781783471669
Total Pages : 232 pages
Book Rating : 4.4/5 (716 download)

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Book Synopsis Economic Methods for Lawyers by : Emanuel V. Towfigh

Download or read book Economic Methods for Lawyers written by Emanuel V. Towfigh and published by . This book was released on 2015-11-30 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Responding to the growing importance of economic reasoning in legal scholarship, this innovative work provides an essential introduction to the economic tools, which can usefully be employed in legal reasoning. It is geared specifically towards those without a great deal of exposure to economic thinking and provides law students, legal scholars and practitioners with a practical toolbox to shape their writing, understanding and case preparation.

Efficiency Instead of Justice?

Author : Klaus Mathis
Publisher : Springer Science & Business Media
ISBN 13 : 1402097980
Total Pages : 222 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Efficiency Instead of Justice? by : Klaus Mathis

Download or read book Efficiency Instead of Justice? written by Klaus Mathis and published by Springer Science & Business Media. This book was released on 2009-03-18 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Analytical Failures of Law and Economics

Author : Shawn Bayern
Publisher : Cambridge University Press
ISBN 13 : 1009179578
Total Pages : 203 pages
Book Rating : 4.0/5 (91 download)

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Book Synopsis The Analytical Failures of Law and Economics by : Shawn Bayern

Download or read book The Analytical Failures of Law and Economics written by Shawn Bayern and published by Cambridge University Press. This book was released on 2023-09-28 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: The law-and-economics movement remains a dominant force in American private law, despite widespread recognition that many of its assumptions are implausible and that efficiency is not the law's only goal. This book adds to the debate by showing that many leading law-and-economics arguments fail for 'internal' analytical reasons.

Law, Economics and Antitrust

Author : Paddy McNutt
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781958896
Total Pages : 444 pages
Book Rating : 4.9/5 (588 download)

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Book Synopsis Law, Economics and Antitrust by : Paddy McNutt

Download or read book Law, Economics and Antitrust written by Paddy McNutt and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: . . . those who are dealing with antitrust issues the book is very useful and if somebody has already acquired the basic economic principles underlying antitrust regimes, one should read [this] book. . . Pal Bela Szilagyi and Dorina Juhasz, Erasmus Law and Economics Review The book is quite often an interesting read and provokes plenty of unexpected thoughts. . . Scholars familiar with the public choice literature and American antitrust law could benefit from the stimulating questions McNutt raises throughout and for the wealth of examples from European competition law. Scott E. Graves, The Law and Politics Book Review Patrick McNutt s book is a brilliant exposé of the interaction between law, economics and antitrust. The author, an economist and distinguished regulator, handles both the legal and economic material deftly. It is provocative particularly when dealing with issues such as the efficiency of competition and the effectiveness of antitrust rules. His case-studies are particularly compelling. The book is written with huge flair and great learning. It combines theoretical and practical considerations. The comparative coverage is excellent. A "must-read" for all interested in law and economics. Antitrust specialists will discover many novel and valid insights. David O Keeffe, University College London, UK and College of Europe, Bruges, Belgium This book continually stimulates the reader to think about the issues in non-standard and illuminating ways, following new and significant directions. Yet the discussion always is authoritatively grounded in the author s extensive knowledge of the pertinent law and the relevant economic analysis. William J. Baumol, New York University, US and Princeton University, US Professor McNutt provides a refreshing and different perspective on the important fundamental issues underlying competition law and policy. Barry E. Hawk, Skadden, Arps, Slate, Meagher & Flom LLP, US In this accessible yet rigorous textbook, Patrick McNutt presents a clear and refreshing approach to a wide range of topics in law, economics and antitrust. The issues covered include duty and obligation, contracting, liability, property rights, efficient entry, compensation, oligopoly pricing, issues in strategic antitrust and merger analysis. Using a selection of case studies where appropriate, and examples based in game theory, the book examines these issues from both a law and economics and a microeconomics perspective. Emphasis is placed on a thorough assessment of the economic and legal arguments, blending the rigours of microeconomic analysis with common law standards. The analysis contained in the book will not only review, and indeed adapt neoclassical economic analysis but will also apply some of the methodology from the relatively new paradigm known as law and economics to many of the issues. The book also addresses the increasing overlap between emerging approaches in public choice and in law and economics. Practitioners in competition law and regulation of utilities will draw great value from this original and pertinent volume, as will scholars in the areas of regulation, competition law, competition policy and law and economics.

Law, Truth, and Reason

Author : Raimo Siltala
Publisher : Springer Science & Business Media
ISBN 13 : 9400718721
Total Pages : 296 pages
Book Rating : 4.4/5 (7 download)

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Book Synopsis Law, Truth, and Reason by : Raimo Siltala

Download or read book Law, Truth, and Reason written by Raimo Siltala and published by Springer Science & Business Media. This book was released on 2011-07-29 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an innovative contribution to analytical jurisprudence. It is mainly based on the distinct premises of linguistic philosophy and Carnapian semantics, but also addresses the issues of institutional philosophy, social pragmatism, and legal principles as envisioned by Dworkin, among others. Wróblewski ́s three ideologies (bound/free/legal and rational) and Makkonen ́s three situations (isomorphic/semantically vague/normative gap) of judicial decision-making are further developed by means of 10 frames of legal analysis as discerned by the author. With the philosophical theories of truth serving as a reference, the frames of legal analysis include the isomorphic theory of law (Wittgenstein, Makkonen), the coherence theory of law (Alexy, Peczenik, Dworkin), the new rhetoric and legal argumentation theory (Perelman, Aarnio), social consequentialism (Posner), natural law theory (Fuller, Finnis), and the sequential model of legal reasoning by Neil MacCormick and the Bielefelder Kreis. At the end, some key issues of legal metaphysics are addressed, like the notion of legal systematics and the future potential of the analytical approach in jurisprudence.

Political Economy of Law

Author : Paddy McNutt
Publisher : Edward Elgar Publishing
ISBN 13 : 9781848445215
Total Pages : 0 pages
Book Rating : 4.4/5 (452 download)

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Book Synopsis Political Economy of Law by : Paddy McNutt

Download or read book Political Economy of Law written by Paddy McNutt and published by Edward Elgar Publishing. This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The joint use of both economic and legal reasoning is well supported by the carefully selected examples and case studies, which clarify the issues under review. This, together with the application of simple game theory language to explain the complex legal and economic concepts and to assemble the arguments throughout each of the chapters, provides an innovative exposition of the political economy of law. The book discusses a range of issues from legal, economic and ethical platforms, with a reference to intuitive argument, the debate between ethics and law, and case precedent. Topics explored include a discussion on the role of law and ethics, tort liability, property rights and neo-Walrasian antitrust. The author also covers lawlessness and criminal intent, internet markets and intellectual property rights, and competition, co-operation, and governance. --

Scientific Models of Legal Reasoning

Author : Scott Brewer
Publisher : Routledge
ISBN 13 : 1136524762
Total Pages : 425 pages
Book Rating : 4.1/5 (365 download)

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Book Synopsis Scientific Models of Legal Reasoning by : Scott Brewer

Download or read book Scientific Models of Legal Reasoning written by Scott Brewer and published by Routledge. This book was released on 2013-10-28 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1998. This five-volume series contains some of this century's most influential or thought provoking articles on the subject of legal argument that have appeared in Anglo-American philosophy journals and law reviews. This volume offers a collection of essays by philosophers and legal scholars on economics, artificial intelligence and the physical sciences.

Legal Argumentation Theory: Cross-Disciplinary Perspectives

Author : Christian Dahlman
Publisher : Springer Science & Business Media
ISBN 13 : 9400746709
Total Pages : 239 pages
Book Rating : 4.4/5 (7 download)

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Book Synopsis Legal Argumentation Theory: Cross-Disciplinary Perspectives by : Christian Dahlman

Download or read book Legal Argumentation Theory: Cross-Disciplinary Perspectives written by Christian Dahlman and published by Springer Science & Business Media. This book was released on 2012-09-14 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers its readers an overview of recent developments in the theory of legal argumentation written by representatives from various disciplines, including argumentation theory, philosophy of law, logic and artificial intelligence. It presents an overview of contributions representative of different academic and legal cultures, and different continents and countries. The book contains contributions on strategic maneuvering, argumentum ad absurdum, argumentum ad hominem, consequentialist argumentation, weighing and balancing, the relation between legal argumentation and truth, the distinction between the context of discovery and context of justification, and the role of constitutive and regulative rules in legal argumentation. It is based on a selection of papers that were presented in the special workshop on Legal Argumentation organized at the 25th IVR World Congress for Philosophy of Law and Social Philosophy held 15-20 August 2011 in Frankfurt, Germany.

Arguing about Law

Author : Andrew Altman
Publisher :
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Arguing about Law by : Andrew Altman

Download or read book Arguing about Law written by Andrew Altman and published by . This book was released on 1996 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using the rule of law as its main theme, this text shows how abstract questions and concepts of legal philosophy are connected to concrete legal, political, and social issues. The text addresses several modern controversies and challenges students to consider both sides of an argument, using sound, reasoned thinking.

Anarchy and the Law

Author : Edward P. Stringham
Publisher : Routledge
ISBN 13 : 1351531824
Total Pages : 715 pages
Book Rating : 4.3/5 (515 download)

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Book Synopsis Anarchy and the Law by : Edward P. Stringham

Download or read book Anarchy and the Law written by Edward P. Stringham and published by Routledge. This book was released on 2017-07-05 with total page 715 pages. Available in PDF, EPUB and Kindle. Book excerpt: Private-property anarchism, also known as anarchist libertarianism, individualist anarchism, and anarcho-capitalism, is a political philosophy and set of economic and legal arguments that maintains that, just as the markets and private institutions of civil society provide food, shelter, and other human needs, markets and contracts should provide law and that the rule of law itself can only be understood as a private institution.To the libertarian, the state and its police powers are not benign societal forces, but a system of conquest, authoritarianism, and occupation. But whereas limited government libertarians argue in favor of political constraints, anarchist libertarians argue that, to check government against abuse, the state itself must be replaced by a social order of self-government based on contracts. Indeed, contemporary history has shown that limited government is untenable, as it is inherently unstable and prone to corruption, being dependent on the interest-group politics of the state's current leadership. Anarchy and the Law presents the most important essays explaining, debating, and examining historical examples of stateless orders.Section I, "Theory of Private Property Anarchism," presents articles that criticize arguments for government law enforcement and discuss how the private sector can provide law. In Section II, "Debate," limited government libertarians argue with anarchist libertarians about the morality and viability of private-sector law enforcement. Section III, "History of Anarchist Thought," contains a sampling of both classic anarchist works and modern studies of the history of anarchist thought and societies. Section IV, "Historical Case Studies of Non-Government Law Enforcement," shows that the idea that markets can function without state coercion is an entirely viable concept. Anarchy and the Law is a comprehensive reader on anarchist libertarian thought that will be welcomed by students of govern