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Look Inside Law and Market Economy

Law and Market Economy
Reinterpreting the Values of Law and Economics

$139.00 (C)

  • Date Published: August 2000
  • availability: Available
  • format: Hardback
  • isbn: 9780521782142

$ 139.00 (C)

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About the Authors
  • This integrated study of law, economics and Peircian semiotics re-examines the relationship between law and market theory, and introduces the idea of law and market economy. Overcoming the traditional dichotomy between efficiency and justice, Malloy focuses on the relationship between creativity and sustainable wealth formation. He shows how creativity and sustainable wealth formation have more to do with an ethic of social responsibility than with a concern for economic efficiency. In presenting his case, Malloy uses numerous examples as he reinterprets classic problems related to rational choice, the Coase Theorem, public choice, efficient breach, social contract theory, and wealth maximization, among others.

    • Offers a lucid presentation of a new approach to the study of law and economics
    • Relevant for students of Tort, Public Choice, and economic theory
    • Links interpretation theory, and integrates concerns for creativity, with law and economics
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    Reviews & endorsements

    "Malloy develops a semiotic interpretation of work in law and economics that links exchange and creativity to ethical values. The result is a powerful new perspective on law and markets that brings to mind work from Hayek to Hurst. This book is an exceptionally important contribution to contemporary scholarship on the nature of law." John Brigham, University of Massachusetts

    "In bringing the language and concerns of ethics, moral theory, and social responsibility back into the discipline of market theory and law, this book is timely and significant, and should be read by anyone who cares about more just and inclusive alternatives to present forms of social organization." Sharon Hom, City University of New York

    "Providing the reader with a rich menu of humanistic values, economic analysis, and interpretation theory, this work will enliven debate and open new avenues of inquiry in an academic field on the verge of becoming arid by its current confining focus." Denis Brion, Washington and Lee University

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    Product details

    • Date Published: August 2000
    • format: Hardback
    • isbn: 9780521782142
    • length: 192 pages
    • dimensions: 229 x 152 x 14 mm
    • weight: 0.45kg
    • availability: Available
  • Table of Contents

    1. Introduction
    2. A general framework
    A basic introduction to semiotics
    A brief overview of the general argument
    3. Law and market economy: further clarification
    Market as community
    Market as a process of semiotic signification
    4. Wealth as a process of discovery (wealth, discovery, and imaginative choice)
    Coase's theorem
    Public choice
    5. Social organization and the discovery process
    The relationship between social organization and proactive wealth formation
    An ethic of social responsibility for law and market economy
    Outlining an ethic of social responsibility (humility, diversity, reciprocity)
    The ethic of social responsibility and wealth: some supportive evidence
    6. Implications of law and market economy
    Efficiency does not maximize wealth
    An extensive distribution promotes wealth
    Rhetorical strategies have consequence
    7. Conclusions.

  • Author

    Robin Paul Malloy, Syracuse University, New York

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