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The irrelevance of normative considerations for founding an Austrian law and economics: Reply to Marciano

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  • Peter Leeson

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Abstract

In a comment on my paper, “An Austrian approach to law and economics, with special reference to superstition” (Leeson 2012 ), Marciano contends that Posnerian foundations “may be problematic for an Austrian approach to law and economics”. In this reply I argue that the differences between Posner and Austrians that Marciano uses as the basis for his contention are normative. If, as Austrians claim, Austrian economics is purely positive, those differences are irrelevant to the appropriate foundations for an Austrian law and economics. They pose no problem for a Posnerian founding. Copyright Springer Science+Business Media, LLC 2012

Suggested Citation

  • Peter Leeson, 2012. "The irrelevance of normative considerations for founding an Austrian law and economics: Reply to Marciano," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 25(4), pages 355-357, December.
  • Handle: RePEc:kap:revaec:v:25:y:2012:i:4:p:355-357 DOI: 10.1007/s11138-012-0186-4
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    References listed on IDEAS

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    1. Peter Leeson, 2012. "An Austrian approach to law and economics, with special reference to superstition," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 25(3), pages 185-198, September.
    2. Alain Marciano, 2012. "How far an Austrian law and economics should be Posnerian?," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 25(4), pages 351-354, December.
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    More about this item

    Keywords

    Austrian-Chicago synthesis; Law and economics; Posner; Economic analysis of law; JEL Codes B53; K00;

    JEL classification:

    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)

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