Law and Economics

Irish Jurist, Vol. 46, p. 165, 2011

30 Pages Posted: 28 Jan 2011 Last revised: 17 Jun 2011

Date Written: January 26, 2011

Abstract

Although law and economics has had an extraordinary impact on jurisprudence in recent times, the Irish legal community has largely neglected it. This Article provides a basic introduction to economic analysis of law. It suggests that the academy should more closely embrace the field as a distinct discipline and explores some potential benefits that the Irish legal community might realise as a result. The paper seeks to counter commonly held biases that lead some to discount or to reject economic principles. In doing so, however, it demarcates the limits of normative economic analysis. The piece concludes by calling for greater involvement by Irish economists in legal matters and for Ireland’s many distinguished law schools to introduce a basic course in law and economics into their foundational curricula.

Suggested Citation

Devlin, Alan James, Law and Economics (January 26, 2011). Irish Jurist, Vol. 46, p. 165, 2011, Available at SSRN: https://ssrn.com/abstract=1748697

Alan James Devlin (Contact Author)

Latham & Watkins LLP ( email )

555 - 11th Street, N.W.
Suite 1000
Washington, DC 20004-1304
United States

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