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Law and economics, or economic analysis of law, is the application of microeconomic theory to the analysis of law. The field emerged in the United States during the early 1960s, primarily from the work of scholars from the Chicago school of economics such as Aaron Director , George Stigler , and Ronald Coase .
Environmental social science is the broad, transdisciplinary study of interrelations between humans and the natural environment. Environmental social scientists work within and between the fields of anthropology, communication studies, economics, geography, history, political science, psychology, and sociology; and also in the interdisciplinary fields of environmental studies, human ecology ...
Environmental economics is viewed as more idealistic in a price system; ecological economics as more realistic in its attempts to integrate elements outside of the price system as primary arbiters of decisions. These two groups of specialisms sometimes have conflicting views which may be traced to the different philosophical underpinnings.
Law and economics, or economic analysis of law, is an approach to legal theory that applies methods of economics to law. It includes the use of economic concepts to explain the effects of legal rules, to assess which legal rules are economically efficient, and to predict what the legal rules will be. [177]
Environmental studies connects principles from the physical sciences, commerce/economics, the humanities, [1] and social sciences [2] to address complex contemporary environmental issues. It is a broad field of study that includes the natural environment , the built environment , and the relationship between them.
Economists led the pack and economic development studies were for a time one of the most glamorous areas of applied economics. [4] Legal scholars from leading American law schools wrote many articles discussing the contribution of law reform to economic development. This was called the law and development movement.
International economic law is an aspect of international law that concerns the economic relations between states and how transactions that occur cross-border are governed. [27] The primary actors in the regulation of International economic laws are “States, international organisations, and private actors”. [28]
Regulatory economics is the application of law by government or regulatory agencies for various economics-related purposes, including remedying market failure, protecting the environment and economic management.