SOSC 2330 Lecture Notes - Lecture 3: Ronald Coase, Serfdom, Classical Liberalism
14 Dec 2014
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Document Summary
Cooter & rubinfeld economic analysis of legal disputes and their resolution. Role of the economist / role of the judge. Chronology of a legal dispute (harm, assertion of legal claim, bargaining, trial) Economics of law : economics of law developed as a discipline in the late 1950s / early. 1960s: early work dealt primarily with economic analysis of antitrust law, worked to counter liberal legal scholarship and government activism. Ideologically oriented as a libertarian perspective on economics (laissez- faire), and part of the conservative legal movement in the us: employed the neoclassical economics approach. Founding ideas: f. a. hayek: one of the most influential economists of the 20th century, advocating individualism and liberty with a defense of classical liberalism, his most influential texts include the road to serfdom, individualism and. Economic order: opposed the ideas of john maynard keynes, highly regarded by the chicago school, ronald reagan (us) and.
