Principles and Methods of Law and Economics: Enhancing Normative Analysis
Cambridge University Press, 10/10/2005
EAN 9780521826815, ISBN10: 0521826810
Hardcover, 394 pages, 22.8 x 15.2 x 2.5 cm
Language: English
This is an introductory book that targets the reader who has the ambition to apply economic analysis but may be missing a technical introduction to its mathematical techniques or seeks a structured elaboration of its philosophical principles. The book juxtaposes economic analysis with moral philosophy, political theory, egalitarianism, and other methodological principles and then passes to the details of methods such as model-building, derivatives, differential equations, statistical tests, and the use of computer programs.
Introduction
innovation in legal thinking
Part I. Principles
1. From formal logic to normative reasoning
2. Social welfare versus moral philosophy
3. From political philosophy to game theory
4. The importance of distribution of wealth
5. Coase and law's irrelevance
6. More failures of coasean irrelevance
Part II. Methods
7. Mathematical modelling
8. Confronting uncertainty
basic probability theory
9. Advanced probability
distributions as the shape of randomness
10. How to price uncertainty
finance
11. Finance and probability
options and derivatives
12. Using spreadsheets
13. Statistics
14. Conclusion
importing methodological innovations.