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Economics, property rights and economic analysis of law

In: The Economic Analysis of Civil Law

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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.

Suggested Citation

  • ., 2022. "Economics, property rights and economic analysis of law," Chapters, in: The Economic Analysis of Civil Law, chapter 3, pages 53-101, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14501_3
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    Cited by:

    1. Robert Fairlie & Frank M. Fossen & Reid Johnsen & Gentian Droboniku, 2023. "Were small businesses more likely to permanently close in the pandemic?," Small Business Economics, Springer, vol. 60(4), pages 1613-1629, April.
    2. Hal Martin, 2022. "Making Sense of Eviction Trends during the Pandemic," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2022(12), pages 1-8, August.
    3. Otterby, Dawn & Crawley, Andrew & Gabe, Todd, 2023. "Effects of the Minimum Wage on U.S. County Labor Markets," MPRA Paper 116162, University Library of Munich, Germany.
    4. Barnett, William A. & Ghosh, Taniya & Adil, Masudul Hasan, 2022. "Is money demand really unstable? Evidence from Divisia monetary aggregates," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 606-622.
    5. O'Connell, Marguerite & Abraham, Laurent & Oleaga, Iñigo Arruga, 2023. "The legal and institutional feasibility of an EU Climate and Energy Security Fund," Occasional Paper Series 313, European Central Bank.
    6. Joshua K. Hausman, 2023. "Inflation Worries," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 42(1), pages 306-314, January.
    7. Stephan D. Whitaker, 2023. "The Impact of the Additional Appropriations on Federal Spending in the Fourth District," Cleveland Fed District Data Brief 96634, Federal Reserve Bank of Cleveland.

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    Keywords

    Economics and Finance; Law - Academic;

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