Article
Justice at the Confluence of Law and Economics
Social Justice Research
(1987)
Abstract
Law has long been combined with economic thought, but only recently has
law been combined with economic theory. This article explores the implications
of this development for theories of justice and interdisciplinary research.
Value in economics is usually measured by price (the market tradition) or
by satisfaction (the utilitarian tradition). The relationship of these concepts
to equity in law is explored. Also explored is the relationship between bargaining
theory and contractarian theories of justice. The article examines the
possibility that methods and concepts developed in the economic analysis
of law will prove useful to sociologists and social psychologists by contrasting
the study of rational choice and the study of attitudes.
Disciplines
Publication Date
June, 1987
Citation Information
Robert D. Cooter. "Justice at the Confluence of Law and Economics" Social Justice Research Vol. 1 Iss. 1 (1987) p. 67 Available at: http://works.bepress.com/robert_cooter/41/