The book explores the evolution of economic thought following Adam Smith's revolutionary ideas on self-interest and market dynamics. It delves into the debates among economists regarding the necessity of government intervention in the marketplace, highlighting contrasting views on whether such interference aids or hinders societal welfare. Through this examination, the text reveals the ongoing tension between free-market principles and the role of government in economic regulation.
From Posner to Postmodernism and Beyond - Second Edition
The expanded second edition of this influential work offers a comprehensive overview of the various schools of thought in Law and Economics, highlighting how these traditions redefine legal study and reveal the economic implications of legal frameworks. While maintaining the original scope, the updated edition reflects the evolution of the field since its 1998 publication, making it a vital resource for understanding the interplay between law and economic theory.
This volume presents 250 milestones in the science of the production, sale and purchase of goods and services.
Second Edition