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The Economics of Lawmaking
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The Economics of Lawmaking

Francesco Parisi and Vincy Fon

Abstract

This book explores the relative advantages and limits of alternative sources of law. It views the sources of law through a law and economics lens, and considers the important issue of institutional design in lawmaking. It considers the respective advantages and proper scope of application of four fundamental sources of law: legislation, judge-made law, customary law, and international law. The defining features of these four sources of law are examined using the formal methods of public choice theory: lawmaking through legislation; lawmaking through adjudication; lawmaking through practice; an ... More

Keywords: institutional design, legislation, judge-made law, customary law, international law, public choice theory, sources of law, litigation, stare decisis, jurisprudence constante

Bibliographic Information

Print publication date: 2009 Print ISBN-13: 9780195374155
Published to Oxford Scholarship Online: January 2009 DOI:10.1093/acprof:oso/9780195374155.001.0001

Authors

Affiliations are at time of print publication.

Francesco Parisi, author

Vincy Fon, author
George Washington University

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