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New Horizons in Law and Economics Ser.: Economic Efficiency in Law and Economics by Richard O. Zerbe (2002, Trade Paperback)
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About this product
Product Identifiers
PublisherElgar Publishing, Incorporated, Edward
ISBN-10184064611X
ISBN-139781840646115
eBay Product ID (ePID)4038514430
Product Key Features
Number of Pages336 Pages
LanguageEnglish
Publication NameEconomic Efficiency in Law and Economics
SubjectGeneral, Economics / General, Economics / Theory
Publication Year2002
TypeTextbook
Subject AreaLaw, Business & Economics
AuthorRichard O. Zerbe
SeriesNew Horizons in Law and Economics Ser.
FormatTrade Paperback
Dimensions
Item Height0.8 in
Item Weight18.5 Oz
Item Length9.2 in
Item Width6.4 in
Additional Product Features
Intended AudienceScholarly & Professional
LCCN00-047645
Dewey Edition21
IllustratedYes
Dewey Decimal330
Table Of ContentContents: 1. History of the Concept of Economic Efficiency 2. The Foundation: A New Measure for Economic Efficiency 3. The Nature of Economic Efficiency 4. The Nature of Inefficiency 5. Rights and the Relationship of Law to Efficiency 6. The Problem of Missing Values in Normative Law and Economic Analysis 7. The Failure of Market Failure 8. Of Distributive Justice and Economic Efficiency: An Integrated Theory of the Common Law 9. The Efficiency of the Common Law: An Economic Analysis of Dueling, Cannibalism, the Gold Rush, Racism, and Antitrust Law 10. A Recapitulation References Index
SynopsisIn this text Zerbe introduces a way to think about the concept of economic efficiency that is both consistent with its historical derivation and more useful than contemporary concepts. He establishes an expanded version of Kaldor-Hicks efficiency as an axiomatic system that performs the tasks of: allowing an expanded range for efficiency analysis; and estabilshing the conditions under which economists can reasonably say that some state of the world is inefficient. He then applies the analysis to a number of hard and interesting cases, including the economics of duelling, cannibalism and rape. He develops a theory of common law efficiency and indicates the circumstances under which a common law will be inefficient., In this path-breaking book, Richard Zerbe introduces a new way to think about the concept of economic efficiency that is both consistent with its historical derivation and more useful than concepts currently used. He establishes an expanded version of Kaldor-Hicks efficiency as an axiomatic system that performs the following tasks: the new approach obviates certain technical and ethical criticisms that have been made of economic efficiency; it answers critics of efficiency; it allows an expanded range for efficiency analysis; it establishes the conditions under which economists can reasonably say that some state of the world is inefficient. He then applies the new analysis to a number of hard and fascinating cases, including the economics of duelling, cannibalism and rape. He develops a new theory of common law efficiency and indicates the circumstances under which the common law will be inefficient. The book will be of great interest to scholars, students, and practitioners interested in the concept of economic efficiency and how it should be applied to law and economics.
LC Classification NumberK487.E3Z47 2001
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