A critical review of the Coase-Posnerian economic analysis of law

O'Brien, David. (1981). A critical review of the Coase-Posnerian economic analysis of law Honours Thesis, School of Economics, The University of Queensland.

       
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Author O'Brien, David.
Thesis Title A critical review of the Coase-Posnerian economic analysis of law
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 1981
Thesis type Honours Thesis
Total pages 203
Language eng
Subjects 14 Economics
Formatted abstract Since 1960 the Chicago economic paradigm has been used to examine and explain the operation of the common law. Ronald Coase’s theory of social cost is shown to have opened the door to this economic analysis of law, which has been subsequently pursued most vigorously by Richard Posner. The Coase-Posnerian economic analysis of law is expounded in this thesis and submitted to criticism by the Institutionalist and Socratic-Christian schools of economic thought. It is found that the Coase-Posnerian economic theory of law is not a good jurisprudential theory with which to explain and reform the common law.


 
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