Private Law Theory

“Although it’s not directly on point, Rob’s question called to mind my essay Law and Economics: An Apologia, in Christian Perspectives on Legal Thought, in which I posited that: ‘[Some might argue that] theological insights on human nature lead to different behavioral predictions than those premised on Economic Man. But is that necessarily true? Consider a restaurant located on one side of a busy street. Although crossing the street is dangerous, some people will nonetheless do so in order to eat at the restaurant. Basic economic theory, however, tells us some things about the likelihood that people will do so …'” (more)

[ProfessorBainbridge.com, 12 October]

First posted 2019-10-13 08:45:52