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

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The Law and Economics School considers market efficiency as the central goal of legal decision making. This means that the laws enacted and judicial decisions made should aim to promote efficiency in markets by providing incentives for individuals and firms to engage in socially desirable behaviors. This will ultimately lead to the greatest overall welfare for society.

The Law and Economics School of Jurisprudential Thought Believes That