The Law and Economics School of jurisprudential thought believes that promoting market efficiency should be the central concern of legal decision making.

Question

Quizplus · Accepted Answer

The Law and Economics School of thought emphasizes on promoting market efficiency as a central concern of legal decision making. This means that legal rules should be designed in a manner that they promote economic efficiency by creating incentives for individuals and businesses to make socially desirable decisions.

The Law and Economics School of Jurisprudential Thought Believes That