The Boundaries of Normative Law and Economics
Publication Date
2020
Abstract
Normative law and economics remains controversial decades after its emergence despite its successes in legal scholarship and its similarity to influential approaches in economics. The reason is that many of its proponents have exaggerated its value for policy while discounting other methods, tainting the enterprise. Normative law and economics as a method of policy analysis properly operates within narrow boundaries defined by its four main premises: (1) welfarism based on unrestricted preferenc
Recommended Citation
Eric A. Posner, "The Boundaries of Normative Law and Economics," __ (2020).
