Law and economics or economic analysis of law is the application of economic methods to analysis of law. Economic concepts are used to explain the effects of laws, to assess which legal rules are economically efficient, and to predict which legal rules will be promulgated.
As used by lawyers and legal scholars, the phrase "law and economics" refers to the application of the methods of economics to legal problems. Because of the overlap between legal systems and political systems, some of the issues in law and economics are also raised in political economy, constitutional economics and political science. Most formal academic work done in law and economics is broadly within the Neoclassical tradition.[citation needed]
Approaches to the same issues from Marxist and critical theory/Frankfurt School perspectives usually do not identify themselves as "law and economics". For example, research by members of the critical legal studies movement and the sociology of law considers many of the same fundamental issues as does work labeled "law and economics".
MIAMI — The U.S. has released nine more prisoners from its base at Guantanamo Bay, Cuba, and sent them to Saudi Arabia for resettlement, officials said Saturday. The move announced in a Pentagon statement is part of an effort by President Barack Obama's administration to release detainees considered low-risk while seeking to transfer the remainder to the U.S ... and some have called for new restrictions on future releases and transfers ... ....
A group of anglers and tourists went out off the Miami shore looking to make big catch. The anglers made one, hooking a large sailfish ...BouncerSmith told WPTV....
Castro and his lieutenants, many in their 70s and 80s, faced some discontent ahead of the congress among younger party members who are critical of their slow delivery on promised economic reforms and a lack of transparency on discussions ... But he did not believe Obama’s promise that the US would not impose political or economic change....
Despite citing a few qualms, the editorial board of the New York Post endorsed Republican frontrunner Donald Trump in an editorial on late Thursday, the first major New York publication to do so, CBSNews reported. "Trump is now an imperfect messenger carrying a vital message ... better informed on policy, more self-disciplined and less thin-skinned," the editorial read....
Pope and Orthodox Patriarch Bartholomew to turn spotlight on Europe’s controversial deal with Turkey to end refugee crisis. Pope Francis, widely regarded as one of the world’s greatest defender of refugees, flies into Lesbos on Saturday to highlight the humanitarian crisis unfolding in Europe ...Related. The idealists of Lesbos. volunteers at the heart of the refugee crisis ... Related. Pope Francis and Bernie Sanders ... Facebook. Twitter ... ....
Chinese Financial MinisterLou Jiwei said on Friday that the downgrading of China'seconomic outlook "doesn't reflect the reality" of the Chinese economy... "I do not blame them though because they do not know the specifics of Chinese economic situation," he said ... It just speaks to the fundamental laws of economics," said Lou....
-->. Political parties have bent over backwards to celebrate the 125th birth anniversary of the man who headed the Drafting Committee of the Constitution...Ambedkar was a political liberal who believed in institutions and the rule of law, and he never favoured Gandhi’s unorthodox mass agitations ... The BSP did not have any use for Ambedkar’s incisive intellect and his formidable knowledge of law and economics ... ....
... rehabilitation to be achieved in an economically affordable, socially acceptable and ecologically viable way ... Informed by six decades of experience and deep local expertise, our programs address critical issues affecting Asia in the 21st century-governance and law, economic development, women's empowerment, environment, and regional cooperation....
... of the Forum on China-Africa Cooperation as well as important consensus reached by both leaders, enhance experience exchange on legislation in areas including anti-corruption and judicial assistance, and improve relevant laws on economic and trade cooperation in order to constantly push the cooperation between both legislative bodies to new levels....
Love is a much needed regulatory relief and economic growth bill that will help small community banks raise capital and serve their customers ... Four years after Congress passed the bipartisan Jumpstart Our Business Startups (JOBS) Act, the Subcommittee on Capital Markets and Government Sponsored Enterprises held a hearing on Thursday to examine the law's economic benefits and what more Congress needs to do to help grow new businesses....
HONOLULU (AP) - While Hawaii's economy seems to have recovered from the Great Recession, a new report sheds light on the issues facing the state's low-income residents. Hawaii News Now reports (http.//bit.ly/1qTX2Py ) the study from Hawaii AppleseedCenter for Law and EconomicJustice shows how low-income residents have fared ... ....
More than 200 experts convened on environment, economic growth, good governance, gender, and regional cooperation ... Informed by six decades of experience and deep local expertise, our programs address critical issues affecting Asia in the 21st century-governance and law, economic development, women's empowerment, environment, and regional cooperation....
MovingToward Sustainable Prosperity, he lays out a series of initiatives, including access to contraception, guaranteed secondary school education and the eradication of gender bias “from law, economic opportunity, health and culture,” which he argues will ensure a decline in the birthrate (with a goal of stopping short of 9 billion), solely based on a woman’s intention to have smaller families or even no children....
Hawaii has the sixth-highest poverty rate in the nation and one in eight Isle residents faces food insecurity, according to a recent report released by the Hawaii AppleseedCenter for Law and EconomicJustice. “The recovery did not touch everyone equally,” says Victor Geminiani, co-executive director of the Hawaii Appleseed Center. “People struggling before the recession were hit the hardest, and they still haven’t recovered ... ....
The joint effort will start from September and be open to BFSU's doctoral students in disciplines including English language and culture, laws, economics and politics ... ....
But that’s just the tip of the iceberg in terms of the cost to state taxpayers ... Similarly, The Washington Post’s Lydia DePillis, a booster of the minimum wage increase, says that the “$15 minimum wage sweeping the nation might kill jobs -- and that’s okay.” GovernorBrown hinted at these job losses in signing the minimum wage hike into law, when he said, “Economically, minimum wages may not make sense ... ... ....