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Economic Theory of Law

Author

Listed:
  • Marcho Markov

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

This article describes the chronology of the birth of one of the important concepts in neoinstitutionalism – the economic theory of law. This is a science that rests on the border between economics and law, and is now taught in economics and law faculties of the most famous universities in the world. The following aspects have been considered: the main stages of its formation, fundamental papers tracing its development, key figures that have played an important role in the formulation of its fundamental principles, the system of laws and categories that now form the body of its toolkit. The article defends the thesis that it is now pressing for this relatively new scientific discipline to find a place in Bulgarian higher education too.

Suggested Citation

  • Marcho Markov, 2011. "Economic Theory of Law," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 90-98, July.
    • Handle: RePEc:nwe:eajour:y:2011:i:2:p:90-98
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    File URL: http://www.unwe.bg/uploads/Alternatives/Article08_02.2011.pdf
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    More about this item

    Keywords

    economics and law; economic theory of law; rights of ownership; transaction costs; economic imperialism;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)

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