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Vazba mezi právem, ekonomií a hospodářstvím
[Linkage of law, economics and economy]

Author

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  • Lukáš Bortel

Abstract

The paper deals with an issue of interrelation between law, economics and economy. For a long time, legal science has been interconnected with economics; nonetheless, it was economics which diverted from their mutual cohabitation. At the present time, it is the case of economists who applying their methodology, within law and economics movement in particular, started to bridge that lacuna and enrich legal science and lawmaking processes. This is of a crucial importance, since law shall be regarded as one of the factors which have a capacity to influence the economic output. Therefore, modern regulatory state must ensure a deeper and wider commitment to cost-benefit analysis and assess costs whilst excluding low benefits in legislative processes.

Suggested Citation

  • Lukáš Bortel, 2005. "Vazba mezi právem, ekonomií a hospodářstvím [Linkage of law, economics and economy]," Politická ekonomie, Prague University of Economics and Business, vol. 2005(5), pages 661-674.
    • Handle: RePEc:prg:jnlpol:v:2005:y:2005:i:5:id:529:p:661-674
    DOI: 10.18267/j.polek.529
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    Citations

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    Cited by:

    1. Dagmar Brožová, 2010. "Antidiskriminační zákon a jeho ekonomické a právní souvislosti z pohledu liberální ekonomie [Antidiscrimination Act and Its Economic and Legal Connections from the Liberal Economic View]," Politická ekonomie, Prague University of Economics and Business, vol. 2010(3), pages 357-373.

    More about this item

    Keywords

    regulation; law and economics; common law; legal system; posner; capture theory; cost and benefit analysis; Kaldor-Hicks;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • K1 - Law and Economics - - Basic Areas of Law
    • K2 - Law and Economics - - Regulation and Business Law

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