Economic development cannot occur in the absence of a stable legal system. This course introduces the economic analysis of law, and its role for modern development. The role of law has become an important public policy issue as many countries are moving from centrally planned economies to more decentralized resource allocations systems.
These changes bring a great number of challenges, as policy makers attempt to provide a framework for growth, while ensuring that economic and social conditions for their citizens are improved. There is enormous variety in legal systems, and specific laws, even within a single country such as the United States. Hence, there is unlikely to be a "solution" to the question of how to best design a legal system. Rather, the purpose of the course is to animate, from an economic perspective, different aspects of private law, and its implication for the economic well being of citizens.
Section Offerings for 2012-13
|L8142-001||13S||Law and Economics for a Civil Society|
|W. MacLeod||R 4:20 PM-6:10 PM||GRHL 546|
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