Law and economics is the field of study devoted to understanding laws and legal institutions using the tools of economic theory. This growing subject has become a mainstream area of study in both law schools and economics departments and this book explores the "law and economics" approach to some of the most interesting questions, issues, and topics in law, order, and justice.
Contemporary Issues in Law and Economics
considers what economists call the "positive" analysis of the law – that is, using economic theory to explain the nature of the law as it.
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