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World Trade, Protectionist Follies, and Europe's Options for the Future

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  • Sinclair, Peter J N

Abstract

This paper outlines the general principles that underlie the economic analysis of the substantive body of the law and the productions of judicial and legal services. Reform of tort law and the reform of the UK legal service sector are considered using this economic analysis. The efficiency and the degree of state provision and subsidy are assessed to the degree of market failure in the delivery of legal services. The efficiency of tort law is considered as a single instrument which is concerned with the dual objectives of deterring accidents and compensating accident victims. Copyright 1993 by Oxford University Press.

Suggested Citation

  • Sinclair, Peter J N, 1993. "World Trade, Protectionist Follies, and Europe's Options for the Future," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 9(3), pages 114-125, Autumn.
    • Handle: RePEc:oup:oxford:v:9:y:1993:i:3:p:114-25
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