Economics, Econometrics and Finance
8 years ago

Classic and neoclassical economics lay the foundation for law and economics.

Zhongnan Cai-jing Daxue xuebao
On the Construction of the Economics Basis of Law and Economics
Wang Jun

Paper Summary

The system of law and economics is based on two main theories: classic economics, neoclassical economics, and new institutional economics. Classic economics provides the thinking tools for law and economics, neoclassical economics offers the important theoretical foundation, and new institutional economics gives the methodological basis directly.

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