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Periodical

Periodical
Economic Theory
Authors: ---
ISSN: 09382259 14320479

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Abstract

Economic Theory provides an outlet for research in all areas of economics based on rigorous theoretical reasoning and on topics in mathematics that are supported by the analysis of economic problems. Published articles contribute to the understanding and solution of substantive economic problems. Among the topics addressed in the journal are classical and modern equilibrium theory, cooperative and non-cooperative game theory, macroeconomics, social choice and welfare, uncertainty and information, intertemporal economics (including dynamical systems), public economics, international and developmental economics, financial economics, money and banking, and industrial organization. In addition to original research articles, Economic Theory publishes surveys for particular areas of research that clearly set forth the basic underlying concepts and ideas, the essential technical apparatuses, and the central open questions.


Book
Efficiency instead of justice? : searching for the philosophical foundations of the economic analysis of law
Authors: ---
ISBN: 1282047892 9786612047893 1402097980 1402097972 9048182034 9781402097973 9781402097980 9789048182039 Year: 2009 Publisher: [New York] : Springer,

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Abstract

Economic analysis of law is an interesting and challenging attempt to employ the concepts and reasoning methods of modern economic theory so as to gain a deeper understanding of legal problems. According to Richard A. Posner it is the role of the law to encourage market competition and, where the market fails because transaction costs are too high, to simulate the result of competitive markets. This would maximize economic efficiency and social wealth. In this work, the lawyer and economist Klaus Mathis critically appraises Posner’s normative justification of the efficiency paradigm from the perspective of the philosophy of law. Posner acknowledges the influences of Adam Smith and Jeremy Bentham, whom he views as the founders of normative economics. He subscribes to Smith’s faith in the market as an ideal allocation model, and to Bentham’s ethical consequentialism. Finally, aligning himself with John Rawls’s contract theory, he seeks to legitimize his concept of wealth maximization with a consensus theory approach. In his interdisciplinary study, the author points out the possibilities as well as the limits of economic analysis of law. It provides a method of analysing the law which, while very helpful, is also rather specific. The efficiency arguments therefore need to be incorporated into a process for resolving value conflicts. In a democracy this must take place within the political decision-making process. In this clearly written work, Klaus Mathis succeeds in making even non-economists more aware of the economic aspects of the law. "Mathis gives a succinct and lucid presentation of the economic theory of law, and of the problems associated with its application as a normative theory in law. At the same time, he rightly draws attention to the advantages associated with this approach, and provides a helpful and thoroughly ambitious introduction to its fundamental principles." Prof. Dr. Jan-R. Sieckmann, Archives for Philosophy of Law and Social Philosophy (ARSP), Vol. 91/2 (2006).


Book
Elinor Ostrom's rules for radicals
Author:
ISBN: 178680123X 1786801221 9781786801227 9781786801234 9781786801241 1786801248 9780745399362 9780745399355 0745399355 9780745399355 0745399363 Year: 2017 Publisher: London

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Abstract

Elinor Ostrom was both a groundbreaking thinker and one of the foremost economists of our age. The first and only woman to win the Nobel Prize for Economics, her revolutionary theorizing of the commons opened the way for non-capitalist economic alternatives on a massive scale. And yet, astonishingly, most modern radicals know little about her. This book fixes that injustice, revealing the indispensability of her work on green politics, alternative economics, and radical democracy.--Publisher's description.

Keywords

Ostrom, Elinor. --- Awan, Elinor --- 330.55 --- Coöperatief stelsel --- Ostrom, Elinor --- Ecology --- Economics. --- Radicalism. --- Economics --- Écologie --- Économie politique. --- Radicalisme. --- economics. --- radicalism. --- Wirtschaftstheorie --- Linksradikalismus --- Kapitalismus --- Alternative --- Economic aspects. --- Aspect économique. --- Kapitalistische Gesellschaft --- Kapitalistische Wirtschaft --- Kapitalistisches Gesellschaftssystem --- Kapitalistisches Wirtschaftssystem --- Gesellschaftsordnung --- Antikapitalismus --- Linksextremismus --- Radikalismus --- Linksradikaler --- Ökonomische Theorie --- Volkswirtschaftstheorie --- Sozialökonomie --- Sozialökonomik --- Sozioökonomie --- Politische Ökonomie --- Volkswirtschaftslehre --- Theorie --- Extremism, Political --- Ideological extremism --- Political extremism --- Political science --- Economic theory --- Political economy --- Social sciences --- Economic man --- Ecological economics --- Capital --- Conditions, Economic --- Consumption --- Cost of Living --- Easterlin Hypothesis --- Economic Conditions --- Economic Policies --- Economic Policy --- Economics, Home --- Home Economics --- Household Consumption --- Macroeconomic Factors --- Microeconomic Factors --- Policies, Economic --- Policy, Economic --- Production --- Remittances --- Utility Theory --- Consumer Price Index --- Condition, Economic --- Consumer Price Indices --- Consumption, Household --- Economic Condition --- Factor, Macroeconomic --- Factor, Microeconomic --- Factors, Macroeconomic --- Factors, Microeconomic --- Household Consumptions --- Hypothesis, Easterlin --- Index, Consumer Price --- Indices, Consumer Price --- Living Cost --- Living Costs --- Remittance --- Theories, Utility --- Theory, Utility --- Utility Theories

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