The Limits on the Use of Economics in Law
Start Date
3-4-2014 12:00 AM
End Date
3-4-2014 12:00 AM
Description
Judge Winter, one of the forefathers of law and economics, discussed the implications of the study of economics on the law. He questioned his original premises that the study of economics significantly impacted the law and analyzed the following reasons, among others, for his new doubt: The difficulty of economic analysis, the contrary nature of economic analysis to the norms of the legal academy, and economic analysis strives for allocative efficiency while the law has many other goals.
The Limits on the Use of Economics in Law
Judge Winter, one of the forefathers of law and economics, discussed the implications of the study of economics on the law. He questioned his original premises that the study of economics significantly impacted the law and analyzed the following reasons, among others, for his new doubt: The difficulty of economic analysis, the contrary nature of economic analysis to the norms of the legal academy, and economic analysis strives for allocative efficiency while the law has many other goals.
Comments
The Honorable Ralph K. Winter, Jr. Senior Judge, U.S. Court of Appeals for the Second Circuit