THEORETICAL AND LEGAL FOUNDATIONS OF ECONOMIC ANALYSIS OF LAW

Aleksandar Stanković

doi:10.5937/ekonsig2502177S

Authors

Aleksandar Stanković Faculty of Law, University of Kragujevac Author

DOI:

https://doi.org/10.5937/ekonsig2502177S

Keywords:

theory of law, economic analysis of law, utilitarianism, market, efficiency

Abstract

The paper analyzes the theoretical and legal positions of the school of economic analysis of law. This school of law certainly represents almost the most influential approach in modern legal theory. This can be seen both in recent theoretical and legal reflections in the field of tort, anti-cartel and commercial law, and in individual theoretical analyses dedicated to some of the most complex issues of family, criminal and constitutional law, i.e. the issues of human, civil and minority rights and freedoms. This paper aims to investigate and subject to critical analysis the theoretical foundations on which this teaching of law rests, while at the same time attempting to provide an assessment of them, bearing in mind the different value approach adopted by advocates of economic analysis of law in relation to the usual value approach to law in general.

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