Details

Autor(en) / Beteiligte

• Harel, Alon
• Porat, Ariel

Titel

Commensurability and agency: Two yet-to-be- met challenges for law and economics

Ist Teil von

• Cornell law review, 2011-05, Vol.96 (4), p.749-787

Ort / Verlag

Ithaca: Cornell University, Law School

Erscheinungsjahr

2011

Quelle

EBSCOhost Business Source Ultimate

Beschreibungen/Notizen

• More than fifty years after the inception of "law and economics" (LE), very few scholars deny its vast influence on legal academia. Despite this prominence, however, LE still triggers objections and criticisms. Many people regard it as, at best, capturing only a subset of the relevant concerns and, at worst, irrelevant to the study of law. Some of the most persistent flawed objections include arguments that LE focuses exclusively on wealth maximization and consequently it fails to account for other values; that LE assumes (unjustifiably) that individuals are rational, and that LE fails to acknowledge motivations that are not purely self-interested (such as altruism).