Law And Macroeconomics
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Law And Macroeconomics
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Author : Yair Listokin
language : en
Publisher:
Release Date : 2016
Law And Macroeconomics written by Yair Listokin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
In this Article, I offer a macroeconomic perspective on law that reshapes the microeconomic perspective that currently dominates law and economics. I argue that 1. The economy works one way in ordinary economic conditions, in which supply capacity determines output, and a different way in deep recessions, in which demand for spending determines output. 2. Because the economy functions differently in deep recessions than in ordinary times, a law causes one set of effects in deep recessions and a different set of effects at other times. 3. Because the same law has different effects at different times, law should be different in deep recessions than in other times. Specifically, law should do more to promote spending in deep recessions than in ordinary economic conditions. Because the stakes of deep recessions are so high (tens of trillions of dollars in lost output, countless lives impaired, and political upheaval), I argue that the (significant) costs associated with introducing macroeconomics into law are worth bearing.
Law And Macroeconomics
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Author : Yair Listokin
language : en
Publisher: Harvard University Press
Release Date : 2019-03-11
Law And Macroeconomics written by Yair Listokin and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-11 with Law categories.
After 2008, private-sector spending took a decade to recover. Yair Listokin thinks we can respond more quickly to the next meltdown by reviving and refashioning a policy approach, used in the New Deal, to harness law’s ability to function as a macroeconomic tool, stimulating or relieving demand as required under certain crisis conditions.
Benford S Law And Macroeconomic Data Quality
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Author : Mr.Jesus Gonzalez-Garcia
language : en
Publisher: International Monetary Fund
Release Date : 2009-01-01
Benford S Law And Macroeconomic Data Quality written by Mr.Jesus Gonzalez-Garcia and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-01-01 with Business & Economics categories.
This paper examines the usefulness of testing the conformity of macroeconomic data with Benford's law as indicator of data quality. Most of the macroeconomic data series tested conform with Benford's law. However, questions emerge on the reliability of such tests as indicators of data quality once conformity with Benford's law is contrasted with the data quality ratings included in the data module of the Reports on the Observance of Standards and Codes (data ROSCs). Furthermore, the analysis shows that rejection of Benford's law may be unrelated to the quality of statistics, and instead may result from marked structural shifts in the data series. Hence, nonconformity with Benford's law should not be interpreted as a reliable indication of poor quality in macroeconomic data.
Say S Law And The Keynesian Revolution
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Author : Steven Kates
language : en
Publisher: Edward Elgar Publishing
Release Date : 1998
Say S Law And The Keynesian Revolution written by Steven Kates and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
This is an examination of the concept of the Law of Markets, controversial since Keynes' General Theory, and also debated even longer, since James Mill propounded it 200 years ago. Kates suggests that Keynes' General Theory originated in Keynes' discovery of Malthus's writings about Say's Law.
Law And Markets
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Author : A. Robson
language : en
Publisher: Springer
Release Date : 2011-12-08
Law And Markets written by A. Robson and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-12-08 with Business & Economics categories.
Law and Markets examines the interaction between legal rules, market forces and prices. It emphasises the economic effects of legal rules on individual incentives in both market and non-market settings, and draws on cases and materials from a wide variety of legal jurisdictions to illustrate economic principles.
Money And The Rule Of Law
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Author : Peter J. Boettke
language : en
Publisher: Cambridge University Press
Release Date : 2021-06-03
Money And The Rule Of Law written by Peter J. Boettke and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-03 with Business & Economics categories.
A novel argument that shows how rules work better than discretion when implementing monetary policy.
Contemporary Issues In Law And Economics
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Author : Thomas J. Miceli
language : en
Publisher: Routledge
Release Date : 2018-03-08
Contemporary Issues In Law And Economics written by Thomas J. Miceli and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-08 with Business & Economics categories.
Law and economics is the field of study devoted to understanding laws and legal institutions using the tools of economic theory. This growing subject has become a mainstream area of study in both law schools and economics departments and this book explores the "law and economics" approach to some of the most interesting questions, issues, and topics in law, order, and justice. Contemporary Issues in Law and Economics considers what economists call the "positive" analysis of the law – that is, using economic theory to explain the nature of the law as it actually exists. As part of this approach the author examines questions such as, what is the economic basis for the predominance of negligence rules in tort law? And, what is the explanation for the illegality of blackmail? Furthermore, another set of questions arises where the law seems to depart from the prescriptions of economic theory, and these issues are also examined in this volume. For example, the deeply rooted norm of proportionality between punishments and crimes, and the use of escalating penalties for repeat offenders, are both explored. With self-contained chapters written in a non-technical style, this book offers a rigorous discussion of the above themes while remaining accessible to those without formal legal or economic training. It offers the ideal introduction to the field of law and economics while also providing a basis for students in more advanced courses.
John Law
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Author : Antoin E. Murphy
language : en
Publisher: OUP Oxford
Release Date : 1997-06-26
John Law written by Antoin E. Murphy and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-06-26 with Business & Economics categories.
John Law (1671-1729) left a remarkable legacy of economic concepts from a time when economic conceptualization was very much at an embryonic stage. Yet he is best known—and generally dismissed—today as a rake, duellist, and gambler. This intellectual biography offers a new approach to Law, one that shows him to have been a significant economic theorist with a vision that he attempted to implement as policy in early-eighteenth-century Europe. Law's style, marked by a clarity and use of modern terminology, stands out starkly against the turgid prose of many of his contemporaries. His vision of a monetary and financial system was certainly one of a later age, for Law believed in an economy of banknotes and credit where specie had no role to play. Ultimately Law failed as a policy-maker, in part because of the entrenchment of the financiers and their aristocratic backers and in part because of theoretical flaws in his vision. His struggle for power took place against the background of Europe's first major stock boom and collapse. The collapse of the Mississippi System, which he had conceived, and the South Sea Bubble led to a lasting impression of Law as a failure. It is this impression that Antoin Murphy seeks to dispel.
Two Hundred Years Of Say S Law
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Author : Steven Kates
language : en
Publisher: Edward Elgar Publishing
Release Date : 2003
Two Hundred Years Of Say S Law written by Steven Kates and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
From the 30 year General Glut debate at the start of the 19th century which focused solely on its truth, to the Keynesian revolution and Keynes's successful attempt to convince his fellow economists that Say's Law was wrong, it remains the most controversial principle in the history of economic theory. The central question - not resolved to this day - is this: can demand deficiency ever be the cause of recession and, if so, are greater levels of unproductive spending an appropriate response? The thrust of the argument is that if Say's Law is valid, much of modern macroeconomic theory is fatally flawed. This book explores the validity of this problematic principle, reminding us that this 200-year debate has not yet been laid to rest.
Experimental Law And Economics
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Author : R. Mark Isaac
language : en
Publisher: Emerald Group Publishing
Release Date : 2022-02-28
Experimental Law And Economics written by R. Mark Isaac and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-02-28 with Business & Economics categories.
Experimental Law and Economics focuses on experimental and empirical investigations into both the economic effects of the law and how economic theories can explain the behavior of individuals within a legal system.