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Markets, Morals and the Law

ISBN13: 9780199253609
ISBN: 0199253609
Published: September 2002
Publisher: Oxford University Press
Country of Publication: UK
Format: Paperback
Price: £87.00

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This collection of essays shows how traditional problems of philosophy can be understood more clearly when considered in terms of law, economics and political science. There are four sections in the book.;The first offers a version of legal positivism and an original theory of legal rights. The second section critically evaluates the economic approach to law, and the third considers the relationship of justice to liability for unintentional harms and to the practice of settling disputes rather than fully litigating them. Finally, Coleman explores formal social choice in democratic theory, the relationship between market behaviour and voting and the view that morality itself, like law, is a solution of the problem of market failure.

Part I: Law and Morality.
1: Negative and positive positivism.
2: Rethinking the theory of legal rights. Part II. Law and Economics.
3: Efficiency, auction, and exchange.
4: Efficiency, utility, and wealth maximisation.
5: The foundation of constitutional economics. Part III. Torts, Crimes and Settlements.
6: Crimes, kickers and transaction structures.
7: The morality of strict tort liability.
8: Corrective justice and wrongful gain.
9: Justice in settlements. Part IV. Markets, Morals and Politics.
10: Market contractarianism.
11: Unanimity.
12: Democracy and social choice.
13: Morality and the theory of rational choice