Can Law and Economics be Both Practical and Principled
@article{Hoffman2004CanLA,
title={Can Law and Economics be Both Practical and Principled},
author={D. Hoffman and Michael O'Shea},
journal={Alabama law review},
year={2004},
volume={53}
}This article describes important recent developments in normative law and economics, and the difficulties they create for the project of efficiency-based legal reform. After long proceeding without a well articulated moral justification for using economic decision procedures to choose legal rules, scholars have lately begun to devote serious attention to developing a philosophically attractive definition of well-being. At the same time, the empirical side of law and economics is also being… CONTINUE READING
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