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Political Economy of Law
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Political Economy of Law

9781848445215 Edward Elgar Publishing
Patrick A. McNutt, Business Consultant based in Dublin, ROI and Visiting Fellow, Alliance Manchester Business School, UK
Publication Date: 2010 ISBN: 978 1 84844 521 5 Extent: 416 pp
In this insightful book, Patrick McNutt explores the meaning of law within a political environment, and advances many new ideas and concepts first addressed in his earlier book Law, Economics and Antitrust.

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In this insightful book, Patrick McNutt explores the meaning of law within a political environment, and advances many new ideas and concepts first addressed in his earlier book Law, Economics and Antitrust.

The joint use of both economic and legal reasoning is well supported by the carefully selected examples and case studies, which clarify the issues under review. This, together with the application of simple game theory language to explain the complex legal and economic concepts and to assemble the arguments throughout each of the chapters, provides an innovative exposition of the political economy of law. The book discusses a range of issues from legal, economic and ethical platforms, with a reference to intuitive argument, the debate between ethics and law, and case precedent. Topics explored include a discussion on the role of law and ethics, tort liability, property rights and neo-Walrasian antitrust. The author also covers lawlessness and criminal intent, internet markets and intellectual property rights, and competition, co-operation, and governance.

This innovative work will be an invaluable resource to legal scholars, practitioners, judiciary and postgraduate students in law and in economics. Philosophy scholars, economists and government policymakers interested in public policy initiatives will also find this a useful and informative book.
Contents
Contents: Preface 1. Law’s Performance 2. Ownership and Property Rights 3. Honesty and the Reign of Law 4. Liability and Law’s Indeterminacy 5. Efficient Entry and Workable Competition 6. Non-Negativity and Obligation 7. A Caring-Defendant Model 8. Competitive Harm and Public Policy 9. Non-Market Economics 10. The Reach of the Law 11. Market Systems: Scramble, Combat and Contest 12. Frozen Markets and Intellectual Property Rights Bibliography Index
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