Toward a Liberal Analysis of the Law
23 Pages Posted: 4 Dec 2019
Date Written: November 26, 2019
This paper looks to explore the effects of James Buchanan's book Cost and Choice since its publication. I discuss how Cost and Choice has had a limited impact on the treatment of welfare economics within Law & Economics. I then elaborate on Buchanan's discussion to highlight other issues within the field and how they provide some insight into Buchanan's conception of the rule of law. This paper also discusses some implications for Law & Economics analysis moving forward.
Keywords: James Buchanan, Bruno Leoni, Law and Economics, Subjective Economics, Adam Smith
JEL Classification: B31, B41, K11
Suggested Citation: Suggested Citation
Murphy, Jonathan, Toward a Liberal Analysis of the Law (November 26, 2019). GMU Working Paper in Economics Forthcoming, Available at SSRN: https://ssrn.com/abstract=3493703 or http://dx.doi.org/10.2139/ssrn.3493703
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