Economic Efficiency in Law and Economics by Richard O. Zerbe
'Economic Efficiency in Law and Economics is an interesting and worthwhile book.' - Megan Richardson, Economic Record 'Zerbe's new book is high-powered and potentially important.' - Bill Goodman, Monthly Labor Review 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 both answers critics of efficiency and allows an expanded range for efficiency analysis. In doing this he shows that most proponents and critics of the application of economic efficiency in normative analysis have made important mistakes. He 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.
Call Number: K487.E3Z47 2001
ISBN: 1840643013
Publication Date: 2001-01-01