Law, Morality and Economics
An Economic Analysis of Law and Richard Posner's Theory of Wealth Maximization
Seiten
2026
Edward Elgar Publishing Ltd (Verlag)
978-1-0353-7949-1 (ISBN)
Edward Elgar Publishing Ltd (Verlag)
978-1-0353-7949-1 (ISBN)
- Noch nicht erschienen (ca. Februar 2026)
- Versandkostenfrei
- Auch auf Rechnung
- Artikel merken
This book reconceptualizes wealth maximization in law and economics, proposing a revised framework that integrates cognitive and moral dimensions into institutional analysis. Victor Dorokhin argues that wealth maximization must be constrained by the moral intuitions and normative expectations inherent in human cognition.
The author expands upon the concept of moral costs, highlighting the often-overlooked ethical trade-offs in standard economic models. He assesses the foundations of legal reasoning from an interdisciplinary perspective, outlining a cognitively grounded alternative to utilitarian and contractarian frameworks in legal analysis. Drawing on insights from the Austrian school, legal philosophy, neuroscience, and a critical engagement with Richard Posner’s theory of wealth maximization, the chapters explore how institutions emerge not merely through rational design, but as responses to shared judgments about justice and legitimacy. The book also presents practical recommendations for legal policy, emphasizing the importance of aligning legal frameworks with the moral architecture of social agents.
Law, Morality and Economics is a valuable resource for scholars and students of legal economics and political economy. Providing normative guidelines and actionable policy suggestions, it is also beneficial for legal policy analysts and reformers.
The author expands upon the concept of moral costs, highlighting the often-overlooked ethical trade-offs in standard economic models. He assesses the foundations of legal reasoning from an interdisciplinary perspective, outlining a cognitively grounded alternative to utilitarian and contractarian frameworks in legal analysis. Drawing on insights from the Austrian school, legal philosophy, neuroscience, and a critical engagement with Richard Posner’s theory of wealth maximization, the chapters explore how institutions emerge not merely through rational design, but as responses to shared judgments about justice and legitimacy. The book also presents practical recommendations for legal policy, emphasizing the importance of aligning legal frameworks with the moral architecture of social agents.
Law, Morality and Economics is a valuable resource for scholars and students of legal economics and political economy. Providing normative guidelines and actionable policy suggestions, it is also beneficial for legal policy analysts and reformers.
Victor Dorokhin, Independent Scholar; formerly Research Fellow, Saint Petersburg State University, Russia
Contents
Preface
1 Background, origins and theoretical foundations of the
Chicago School of Economic Analysis of Law
2 Wealth maximization theory, its critique and transformation
3 Posner’s attitude to moral theory of law and his pragmatism
4 The alternative approach to maximizing social welfare
5 Conclusion: from law and economics to law, morality, and
economics
Bibliography
| Erscheint lt. Verlag | 28.2.2026 |
|---|---|
| Reihe/Serie | New Thinking in Political Economy series |
| Verlagsort | Cheltenham |
| Sprache | englisch |
| Maße | 156 x 234 mm |
| Themenwelt | Wirtschaft ► Allgemeines / Lexika |
| Wirtschaft ► Volkswirtschaftslehre | |
| ISBN-10 | 1-0353-7949-X / 103537949X |
| ISBN-13 | 978-1-0353-7949-1 / 9781035379491 |
| Zustand | Neuware |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
| Haben Sie eine Frage zum Produkt? |
Mehr entdecken
aus dem Bereich
aus dem Bereich
erfolgreich bei Bachelor- und Masterarbeit
Buch | Softcover (2024)
Vahlen (Verlag)
CHF 26,45
erfolgreich organisieren, recherchieren, präsentieren
Buch | Softcover (2025)
Vahlen, Franz (Verlag)
CHF 26,45
Buch | Softcover (2025)
Franz Vahlen (Verlag)
CHF 30,65
