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  2. Economics - Wikipedia

    en.wikipedia.org/wiki/Economics

    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]

  3. Law and economics - Wikipedia

    en.wikipedia.org/wiki/Law_and_economics

    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 .

  4. An Essay on the Nature and Significance of Economic Science

    en.wikipedia.org/wiki/An_Essay_on_the_Nature_and...

    The Essay has been described as different from earlier writings on economic methodology in generating a range of tightly argued, radical implications from a simple definition, for example in admitting an aspect of behaviour (rather than a list of behaviours) but not limiting the subject-matter of economics, provided that the influence of ...

  5. Economic law - Wikipedia

    en.wikipedia.org/wiki/Economic_law

    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."

  6. Jurisprudence - Wikipedia

    en.wikipedia.org/wiki/Jurisprudence

    Jurisprudence, also known as theory of law or philosophy of law, is the examination in a general perspective of what law is and what it ought to be.It investigates issues such as the definition of law; legal validity; legal norms and values; as well as the relationship between law and other fields of study, including economics, ethics, history, sociology, and political philosophy.

  7. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...

  8. Political economy - Wikipedia

    en.wikipedia.org/wiki/Political_economy

    Historians have employed political economy to explore the ways in the past that persons and groups with common economic interests have used politics to effect changes beneficial to their interests. [50] Political economy and law is a recent attempt within legal scholarship to engage explicitly with political economy literature.

  9. Monopoly on violence - Wikipedia

    en.wikipedia.org/wiki/Monopoly_on_violence

    An expanded definition appears in Economy and Society: A compulsory political organization with continuous operations will be called a 'state' [if and] insofar as its administrative staff successfully upholds a claim to the monopoly of the legitimate use of physical force (das Monopol legitimen physischen Zwanges) in the enforcement of its order.