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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 .
An economic system, or economic order, [1] is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions , agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.
The Journal is the first student-run journal of law and economics in legal academia. [3] The journal is cited widely throughout state and federal courts, including notably in an opinion by D.C. Circuit U.S. federal judge Neomi Rao in District of Columbia v. Exxon Mobil Corp. [4] It also holds symposia regularly on relevant legal challenges. [5]
Binders of the SR (here of international law). The Systematic Compilation of Federal Legislation (SR) (German: Systematische Sammlung des Bundesrechts, SR; French: Recueil systématique du droit fédéral, RS; Italian: Raccolta sistematica, RS) is the official compilation of all Swiss federal laws, ordinances, international and intercantonal treaties that are in force.
Economic law is a set of legal rules for regulating economic activity. [ 1 ] [ 2 ] Economics can be defined as "a social science concerned with the production, distribution, and consumption of goods and services."
Constitutional economics is a research program in economics and constitutionalism that has been described as explaining the choice "of alternative sets of legal-institutional-constitutional rules that constrain the choices and activities of economic and political agents".
A legal system is the system of laws governing a human society such as a nation state. The main articles for this category are Legal system and Legal systems of the world . Wikimedia Commons has media related to Legal systems .
Law and economics is a school of legal thought that focuses on ensuring that legal processes produce the most efficient allocation of resources, rather than giving the enforcement of rights the highest priority. Individuals included under this category are noted for their theories or application of a law and economics perspective.