The economics of civil and common law / Zagros Madjd-Sadjadi.

By:

Madjd-Sadjadi, Zagros, 1968- []

Material type: Text

TextSeries: Economics collectionPublisher: New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, [(c)2016.]Edition: First editionDescription: 1 online resource (viii, 199 pages)Content type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

9781606495858

Subject(s): Genre/Form:

[genre]

Additional physical formats: Print version:: No titleLOC classification:

K487.E3

Online resources:

Click here to access online

Available additional physical forms:

Contents:

1. The interaction of law and economics -- 2. Property rights -- 3. Contracts -- 4. Torts -- 5. Organization of the firm and competition law -- 6. Other laws -- Glossary -- Notes -- References -- Index.

Abstract: Law is supposed to encourage innovation, morality, and conformity with societal expectations, yet it may provide perverse incentives causing individuals, or even the State, to act in discordant, inefficient, and even immoral ways. It will explore the inefficiencies that are created that serve to deny individuals work and shelter in a haphazard and capricious manner. It will examine property rights, including eminent domain that lets the State take property away with seemingly arbitrary compensation to the owner. Individuals must understand both civil law, codified by statutes, and common law, enshrined in precedential judicial decisions, and why the common law tends to better reduce transactions costs and thus avoid courts entirely. This book is written for economists and noneconomists and has an extensive glossary of economic, political, and legal terms. Two items that are not formally treated in other economics of law textbooks are the legal organization of businesses and tax law from an economics perspective.

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Holdings
Item type	Current library	Collection	Call number	URL	Status	Date due	Barcode
Online Book (LOGIN USING YOUR MY CIU LOGIN AND PASSWORD)	G. Allen Fleece Library ONLINE		K487.E3 (Browse shelf(Opens below))	Link to resource	Available		BEP11152343
Online Book (LOGIN USING YOUR MY CIU LOGIN AND PASSWORD)	G. Allen Fleece Library	Non-fiction	K487.E3 (Browse shelf(Opens below))	Link to resource	Available		11152343

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Law is supposed to encourage innovation, morality, and conformity with societal expectations, yet it may provide perverse incentives causing individuals, or even the State, to act in discordant, inefficient, and even immoral ways. It will explore the inefficiencies that are created that serve to deny individuals work and shelter in a haphazard and capricious manner. It will examine property rights, including eminent domain that lets the State take property away with seemingly arbitrary compensation to the owner. Individuals must understand both civil law, codified by statutes, and common law, enshrined in precedential judicial decisions, and why the common law tends to better reduce transactions costs and thus avoid courts entirely. This book is written for economists and noneconomists and has an extensive glossary of economic, political, and legal terms. Two items that are not formally treated in other economics of law textbooks are the legal organization of businesses and tax law from an economics perspective.

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