An Economic Theory of Economic Analysis: The Case of the School of Salamanca

2018 ◽  
Author(s):  
Clara Jace
2004 ◽  
Vol 26 (1) ◽  
pp. 69-89 ◽  
Author(s):  
John Howard Brown

Jeremiah Whittle Jenks currently ranks as one of the more obscure academic economists of the Gilded Age and Progressive Era. While other prominent economists of the era such as Richard T. Ely and John Bates Clark have been the subject of many books and articles (Everett 1946, Rader 1966, and Henry 1996, for example) Jenks remains almost unknown and unheralded. For instance, he is scarcely mentioned in the relevant volume of Joseph Dorfman's The Economic Mind in American Civilization (Dorfman 1948, III), despite his very substantial scholarly and public roles in the economics of the day. He was likewise below the radar of Joseph A. Schumpeter's (1954) magisterial, History of Economic Analysis, and Mark Blaug's (1985) Economic Theory in Retrospect. Where Jenks's career has attracted scholarly notice, the aspects examined have focused less on his economic scholarship and more on his public policy roles. (Green 1956, Weinstein 1968, Furner 1975, Parrini and Sklar 1983) The reasons for Jenks's relative neglect are unclear, although several hypotheses will be entertained below.


2021 ◽  
Vol 3 (2) ◽  
pp. 84-97
Author(s):  
Peter Jeremiah Setiawan ◽  
Madeleine Celandine Guinevere ◽  
Fauzy Iskandar Alamsyah ◽  
Mohammad Irvan

Mastery theory of law is one of the criteria for a good court. One of the law theories currently being developed is economic analysis of law theory. One of the decisions that the judge considered was using economic analysis of law theory in making a decision is a decision of 45/Pid.Sus/TPK/2011/PN.BDG. Therefore, this article will analyze further into the decision of 45/Pid.Sus/TPK/2011/PN.BDG. This research is legal research that uses statute approach, conceptual approach, and case approach. Based on the research, it showed that the features of economic analysis of law theory are: 1) Focused on the philosophy of justice utilitarianism which is the fundamental concept based on felicific calculus, 2) Using the basis of consideration: a) Economic theory as a foundation for legal analysis, b) Using analysis of cost-benefit to create a law and/or c) Consideration of opportunity cost which law will be formed, and 3) Output which is achieved is wealth maximization. Related to the Decision Number Register 45/Pid.Sus/TPK/2011/PN.BDG. in fact, arguable that judges make the decision based on economic analysis of law theory because related to ratio decedendi has fulfilled 3 (three) characteristic economic analysis of law theory.


Author(s):  
Brian H. Bix

Coase’s work reshaped the economic analysis of law and government policy, and began the law-and-economics movement. His writings, over the course of decades, have consistently emphasized the importance to clear economic thinking of observing actual practice. While economic theory had often been grounded on abstract models that assumed the absence of any costs for commercial transactions, Coase has shown how recognizing the pervasive presence of frequently substantial transaction costs in the real world requires rethinking established economic ideas about industrial organization and government regulation.


Author(s):  
Veljanovski Cento

This book represents a comprehensive, practical guide on the law, economics, and measurement of cartel damages under UK and European competition laws. It draws together the most recent research on cartels, economic analysis, empirical techniques, case law, and legislation to examine how the quantification of losses suffered by those harmed by a cartel are, and could be, applied under European and UK competition laws. Written with the practitioner in mind, the book displays a rigorous yet pragmatic approach to the subject. Detailed discussions of leading cases complement the treatment of the application of economic theory and empirical techniques in competition law and litigation. Three appendices provide the reader with quick reference guides to statistics on European Commission Cartel Decisions (1999 to 2019), Bank of England ‘base rate’ (1980 to 2019), and where to find key documents and information. The book is a practical guide to issues of increasing importance and relevance in competition law.


1991 ◽  
Vol 5 (1) ◽  
pp. 61-72 ◽  
Author(s):  
David D Friedman ◽  
William M Landes ◽  
Richard A Posner

Despite the practical importance of trade secrets to the business community, the law of trade secrets is a neglected orphan in economic analysis. This paper sketches an approach to the economics of trade secret law that connects it more closely both to other areas of intellectual property and to broader issues in the positive economic theory of the common law.


2015 ◽  
Vol 53 (2) ◽  
pp. 326-350 ◽  
Author(s):  
Roger E. Backhouse

Paul Samuelson's Foundations of Economic Analysis played a major role in defining how economic theory was undertaken for many years after the Second World War. This paper fills out Samuelson's account of the book's origins and corrects some details, making clear his debt to E. B. Wilson and establishes that turning the thesis into a book was a long process. The contents of the book and its reception are then reviewed. ( JEL A22, B20, B31)


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