Law and Socioeconomics

Abstract

In this essay, I explain what socioeconomics is, primarily by showing how economics and socioeconomics might be applied in addressing two issues that are fundamental to law. I hope these comments will illustrate why a socioeconomic analysis of law may displace the economic analysis of law. They are designed to show that the fit is better between law and socioeconomics than it is between law and economics; in other words, socioeconomics is the better complement to law.

Keywords: economics, law, socioeconomics, pareto, ultimatum

JEL Classification: K10, D63