The Inevitability of Law and Economics
Economics is the study of rational behaviour in the face of scarcity. Economics and law are, therefore, inseparable. The legal system, too, is about coping with scarcity. If there were an abundance of every good thing, there would be no need for law, no need for a state. Life also would be boring.
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| Format: | Article |
| Language: | English |
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Bond University
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| Series: | Legal Education Review |
| Online Access: | http://ler.scholasticahq.com/article/5969-the-inevitability-of-law-and-economics.pdf |