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The importance of law and economics in the contemporary economic reality

Author

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  • Joanna Pomaskow

    (Nicolaus Copernicus University)

Abstract

The law and economics movement can improve the functioning of companies doing business in the contemporary, rapidly changing, reality. The tensions between the idea of efficiency and the idea of justice cause difficulties in the application of tools which are proposed by the representatives of the law and economics movement in legal solutions. Economics proposes a new, fresh look at the law, which makes it easier to assess and influence the growth of its transparency. Perspective can therefore be useful for subjects who create and use the existing regulations.

Suggested Citation

  • Joanna Pomaskow, 2015. "The importance of law and economics in the contemporary economic reality," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 14(2), pages 233-241, June.
    • Handle: RePEc:cpn:umkeip:v:14:y:2015:i:2:p:233-241
    DOI: 10.12775/EiP.2015.014
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    References listed on IDEAS

    as
    1. Boadway, Robin W, 1974. "The Welfare Foundations of Cost-Benefit Analysis," Economic Journal, Royal Economic Society, vol. 84(336), pages 926-939, December.
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    More about this item

    Keywords

    law and economics; efficiency of law; justice; business activity;
    All these keywords.

    JEL classification:

    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • K20 - Law and Economics - - Regulation and Business Law - - - General

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