The Second Law of Economics - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Second Law of Economics write by Reiner Kümmel. This book was released on 2011-06-24. The Second Law of Economics available in PDF, EPUB and Kindle. Nothing happens in the world without energy conversion and entropy production. These fundamental natural laws are familiar to most of us when applied to the evolution of stars, biological processes, or the working of an internal combustion engine, but what about industrial economies and wealth production, or their constant companion, pollution? Does economics conform to the First and the Second Law of Thermodynamics? In this important book, Reiner Kümmel takes us on a fascinating tour of these laws and their influence on natural, technological, and social evolution. Analyzing economic growth in Germany, Japan, and the United States in light of technological constraints on capital, labor, and energy, Professor Kümmel upends conventional economic wisdom by showing that the productive power of energy far outweighs its small share of costs, while for labor just the opposite is true. Wealth creation by energy conversion is accompanied and limited by polluting emissions that are coupled to entropy production. These facts constitute the Second Law of Economics. They take on unprecedented importance in a world that is facing peak oil, debt-driven economic turmoil, and threats from pollution and climate change. They complement the First Law of Economics: Wealth is allocated on markets, and the legal framework determines the outcome. By applying the First and Second Law we understand the true origins of wealth production, the issues that imperil the goal of sustainable development, and the technological options that are compatible both with this goal and with natural laws. The critical role of energy and entropy in the productive sectors of the economy must be realized if we are to create a road map that avoids a Dark Age of shrinking natural resources, environmental degradation, and increasing social tensions.
The Future of Law and Economics
The Future of Law and Economics - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Future of Law and Economics write by Guido Calabresi. This book was released on 2016-01-28. The Future of Law and Economics available in PDF, EPUB and Kindle. In a concise, compelling argument, one of the founders and most influential advocates of the law and economics movement divides the subject into two separate areas, which he identifies with Jeremy Bentham and John Stuart Mill. The first, Benthamite, strain, “economic analysis of law,” examines the legal system in the light of economic theory and shows how economics might render law more effective. The second strain, law and economics, gives equal status to law, and explores how the more realistic, less theoretical discipline of law can lead to improvements in economic theory. It is the latter approach that Judge Calabresi advocates, in a series of eloquent, thoughtful essays that will appeal to students and scholars alike.
An Introduction to Law and Economics
An Introduction to Law and Economics - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook An Introduction to Law and Economics write by A. Mitchell Polinsky. This book was released on 2018-07-23. An Introduction to Law and Economics available in PDF, EPUB and Kindle. Distinguished by brevity, lucid writing, and well-chosen examples, An Introduction to Law and Economics, now in its Fifth Edition, focuses on a set of core topics that include property, contracts, torts, criminal law, and litigation. Avoiding specialized jargon and mathematics, Polinsky teaches students how to think like an economist and understand legal issues from an economic perspective. New to the Fifth Edition: A streamlining of the products liability chapter A revised discussion of the redistributive effects of legal rules to reflect more recent scholarship on this topic The addition of several other refinements in the text and in new footnotes An updated bibliography Professors and students will benefit from: Solid coverage of relevant economic principles A normative approach that illustrates how to assess legal rules and policies in terms of economic and social goals Clear explanations of concepts
Law and Economics in a Nutshell
Law and Economics in a Nutshell - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Law and Economics in a Nutshell write by Jeffrey L. Harrison. This book was released on 2000. Law and Economics in a Nutshell available in PDF, EPUB and Kindle.
Economics and the Law
Economics and the Law - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economics and the Law write by Nicholas Mercuro. This book was released on 1997. Economics and the Law available in PDF, EPUB and Kindle. By providing readers with a noncritical description of the broad contours of each school of thought, Mercuro and Medema convey a strong sense of the important elements of each of these interrelated yet varied traditions."--BOOK JACKET.
