law and economics

Introduction The relationship between property rights and economic growth has long been central to the study of law and economics. Property rights — the legal authority to use, control, and…

Introduction Tort law is one of the most significant areas in which law and economics intersect. Traditionally, tort law is concerned with providing remedies to individuals who suffer harm from…

Introduction Access to justice is one of the fundamental pillars of a fair and prosperous society. It ensures that individuals and businesses can defend their rights, resolve disputes, and seek…

Introduction For decades, the field of law and economics has relied on the assumption that individuals are rational decision-makers who respond predictably to incentives. Under this traditional model, legal rules…

Introduction Law and economics traditionally view the legal system as a neutral framework designed to promote justice, order, and efficiency. However, the emergence of Public Choice Theory introduced a more…

Introduction A stable and predictable legal system is a cornerstone of economic growth and social order. Businesses, investors, and individuals make decisions based on expectations about future legal outcomes—whether contracts…

Introduction International trade is a cornerstone of global economic growth, connecting countries through the exchange of goods, services, and capital. It allows nations to specialize in what they produce most…

Introduction Family law governs some of the most personal yet economically significant relationships in society: marriage, divorce, child custody, inheritance, and support obligations. Traditionally, family law was viewed through moral,…

Introduction Labor is one of the most critical factors of production in any economy. The interaction between employers and workers determines not only wages and productivity but also social stability…

Introduction In a modern market economy, business failure is both inevitable and essential to the process of creative destruction—the mechanism through which inefficient firms exit the market and resources are…