Linkage Of Law, Economics And Economy

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Linkage Of Law, Economics And Economy

Author Info

Lukáš BORTEL

Abstract

The paper deals with an issue of interrelation between law, economics and economy. For a long time, legal science has been interconnected with economics; nonetheless, it was economics which diverted from their mutual cohabitation. At the present time, it is the case of economists who applying their methodology, within law and economics movement in particular, started to bridge that lacuna and enrich legal science and lawmaking processes. This is of a crucial importance, since law shall be regarded as one of the factors which have a capacity to influence the economic output. Therefore, modern regulatory state must ensure a deeper and wider commitment to cost-benefit analysis and assess costs whilst excluding low benefits in legislative processes.

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Publisher Info
Article provided by University of Economics, Prague in its journal Politická ekonomie.

Volume (Year): 2005 (2005)
Issue (Month): 5 ()
Pages: 661-674
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Handle: RePEc:prg:jnlpol:v:2005:y:2005:i:5:id:529:p:661-674

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Find related papers by JEL classification:
G1 - Financial Economics - - General Financial Markets
K0 - Law and Economics - - General
K1 - Law and Economics - - Basic Areas of Law
K2 - Law and Economics - - Regulation and Business Law

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This page was last updated on 2009-12-2.

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