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Law and Market Economy

Law and Market Economy

Paperback

EconomicsGeneral Law

ISBN10: 0521787319
ISBN13: 9780521787314
Publisher: Cambridge University Press
Published: Aug 10 2000
Pages: 190
Weight: 0.60
Height: 0.50 Width: 6.02 Depth: 8.99
Language: English
This integrated study of law, economics and Peircian semiotics re-examines the relationship between law and market theory, and introduces the idea of law and market economy. Overcoming the traditional dichotomy between efficiency and justice, Malloy focuses on the relationship between creativity and sustainable wealth formation. He shows how creativity and sustainable wealth formation have more to do with an ethic of social responsibility than with a concern for economic efficiency. In presenting his case, Malloy uses numerous examples as he reinterprets classic problems related to rational choice, the Coase Theorem, public choice, efficient breach, social contract theory, and wealth maximization, among others.

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