economic analysis of law is a new approach in law that emerged in the early 1960's and its main purpose is managing the rules of the legal system in a way to achieve economic efficiency. this approach has been influential in all the areas of law including the law of civil liability and follows to set up the compensation system based on some principles to minimize the costs resulting from damage...

Poverty reduction is a function of economic growth, income distribution and distribution changes. Governance can impact both growth and income distribution. The dominant market-enhancing governance paradigm seeks to enhance the efficiency of markets through ‘good governance’ reforms, ostensibly to trigger or sustain growth. ‘Pro-poor’ good governance reforms purport to enhance the scale and eff...

Economic governance in Australia has undergone radical changes since the 1970s. Many of these changes are associated with the market-oriented policies collectively referred to as ‘microeconomic reform’. Broadly speaking, microeconomic reform can be defined as government policies or initiatives aimed at improving the performance and/or the efficiency of industries or sectors in the economy (Fors...

Across a range of legal regimes—including environmental, tort, employment discrimination, corporate, securities, and health care law— United States law reduces or eliminates enterprise liability for those organizations that can demonstrate the existence of “effective” internal compliance structures. Presumably, this legal standard rests on an assumption that internal compliance structures reduc...

** Associate Professor, University of Maryland; National Fellow, Hoover Institution, Stanford University. We are grateful to Ron Gilson, Joe Grundfest, Alan Schwartz, and Eric Talley for helpful comments. Todd Cleary provided excellent research assistance. The support of the John M. Olin Program in Law and Economics at Stanford Law School and The Roberts Center for Law, Business, and Corporate ...

• you should observe the conventions of academic citation in a version of the following form: Bob Jessop, 'The Governance of Complexity and the Complexity of Governance: Preliminary Remarks on some Problems and Limits of Economic Guidance', published by the Department of Sociology, Lancaster University, Lancaster LA1 4YN, at http://www.comp.lancs.ac.uk/sociology/papers/Jessop-Governance-ofCompl...

ABSTRACT The international economic regime has entered a new phase of reassertion sovereignty by States. While States continue to show respect for the values (economic) law, institutionalization these devolved from (to regional) domestic level governance. A form ‘unilateral law’ is thus gaining importance in development and laws institutions. However, it remains largely understudied. This artic...

It has been argued that collaborative and associative forms of governance can enhance the economic competitiveness of cities and regions. Institutionalist approaches to urban and regional economic development have been particularly influential in emphasising the potential role that collaboration between firms, governance agencies, labour and supporting institutions can play in enabling communit...

Improved governance and lower start-up costs may not be sufficient for encouraging the type of entrepreneurship that matters for economic growth. Using panel data on 60 countries spanning the period 2003-07 this paper establishes that (i) opportunitymotivated entrepreneurship (as opposed to necessity-motivated entrepreneurship) drives economic growth; (ii) governance and the start-up costs are ...

The paper first analyses the characteristics of governance in the information age, illustrates the advantages of E-government services; Second, deals with the implications and key elements for good E-governance; finally points out the urgent tasks for good E-governance in China, emphasizing governmental responsibility on primary education, human resource cultivation, sustainable social and econ...