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Principles and Methods of Law and Economics

Principles and Methods of Law and Economics
Enhancing Normative Analysis


  • Date Published: December 2005
  • availability: Available
  • format: Hardback
  • isbn: 9780521826815

£ 72.00

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About the Authors
  • This is an introductory book that targets the reader who has the ambition to apply economic analysis but may be missing a technical introduction to its mathematical techniques or seeks a structured elaboration of its philosophical principles. The book juxtaposes economic analysis with moral philosophy, political theory, egalitarianism, and other methodological principles and then passes to the details of methods such as model-building, derivatives, differential equations, statistical tests, and the use of computer programs.

    • Builds mathematical intuitions with numerical examples and graphics rather than equations
    • Makes the forbidding mathematical tools of contemporary economic analysis readily accessible to readers without a quantitative background
    • Addresses the objections that usually prevent access to economic analysis
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    Product details

    • Date Published: December 2005
    • format: Hardback
    • isbn: 9780521826815
    • length: 394 pages
    • dimensions: 229 x 152 x 25 mm
    • weight: 0.75kg
    • contains: 45 b/w illus. 15 tables
    • availability: Available
  • Table of Contents

    Introduction: innovation in legal thinking
    Part I. Principles:
    1. From formal logic to normative reasoning
    2. Social welfare versus moral philosophy
    3. From political philosophy to game theory
    4. The importance of distribution of wealth
    5. Coase and law's irrelevance
    6. More failures of coasean irrelevance
    Part II. Methods:
    7. Mathematical modelling
    8. Confronting uncertainty: basic probability theory
    9. Advanced probability: distributions as the shape of randomness
    10. How to price uncertainty: finance
    11. Finance and probability: options and derivatives
    12. Using spreadsheets
    13. Statistics
    14. Conclusion: importing methodological innovations.

  • Author

    Nicholas L. Georgakopoulos, Indiana University, School of Law
    Nicholas Georgakopoulos is Professor of Law at Indiana University School of Law. He received his master's and doctorate from Harvard Law School, where he specialized in finance and the regulation of financial markets. His publications are cited prominently, including citations by the US Supreme Court and the Securities Exchange Commission.

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