Description
Book SynopsisThis collection of essays has shaped the approach to studying law and other institutions of economics and governance. With its set of concepts, measurement tools, and policy perspectives, this collection recognizes the existence of multiplicity of individual and social values and whether these values are consistent with a sustainable social structure.
Table of ContentsINTRODUCTION; ; 1. Perspectives on Efficiency of Common Law, POSNER, RICHARD A; Wealth Maximization Revisited; RUBIN, PAUL H. Why is the Common Law Efficient?; ; 2. Alternative Formulations of the Notion of Negligence, BROWN, JOHN PRATHER; Toward an Economic Theory of Liability, GRADY, MARK F; A New Positive Economic Theory of Negligence, JAIN, SATISH K; Efficiency of Liability Rules: A Reconsideration; ; 3. Liability Rules: Efficiency and Some Strategic Aspects, DEMSETZ, HAROLD; When Does the Rule of Liability Matter?, JAIN, SATISH K. and SINGH, RAM; Efficient Liability Rules: Complete Characterization, BROWN, JOHN PRATHER and HOLAHAN, WILLIAM L; Taxes and Legal Rules for the Control of Externalities When There Are Strategic Responses, ENDRES, ALFRED; Strategic Behavior under Tort Law; ; 4. Law and Economics of Child Labour, BASU, KAUSHIK; Compacts, Conventions, and Codes: Initiatives for Higher International Labor Standards, HUMPHRIS JANE; Child Labor: Lessons from the Historical Experience of Today's Industrial Economies, ; 5. Law, Liability and Regulation, SHAVELL, STEVEN; Liability for Harm versus Regulation of Safety, POSNER, ERIC A; Standards, Rules, and Social Norms; ; 6. Law, Governance and Values, SUNSTEIN CASS R; Conflicting Values in Law, SEN A.K; Democracy as a Universal Value.
