What is Law and Economics?
"The economic analysis of law involves three distinct but related enterprises. The first is the use of economics to predict the effects of legal rules. The second is the use of economics to determine what legal rules are economically efficient, in order to recommend what the legal rules ought to be. The third is the use of economics to predict what the legal rules will be. Of these, the first is primarily an application of price theory, the second of welfare economics, and the third of public choice."
About the Law and Economics Research Guide
This guide focuses mainly on the specific sources of information that inform the study of law and economics. Where it is helpful, specific sources in economics and in law have been included.
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