Truth or Economics : On the Definition, Prediction, and Relevance of Economic Efficiency

Intro -- Table of Contents -- Acknowledgments -- Introduction -- Part One The Definition of Economic Efficiency -- Chapter 1: The Correct Definition of the Impact of a Choice on Economic (Allocative) Efficiency -- Chapter 2: A Critique of the Definitions of and Tests for Economic Efficiency That Economists and Law and Economics Scholars Use -- Conclusion to Part I -- Part Two The Assessment of Economic Efficiency -- Chapter 3: The Distortion-Analysis Approach to Economic-Efficiency Assessment -- Chapter 4: Some Second-Best-Theory Critiques of Canonical Allocative-Efficiency Analyses and of the Standard Justifications for Ignoring Second Best -- Part Three The Relevance of Allocative-Efficiency Conclusions -- Chapter 5: The Prescriptive-Moral and Legal Relevance of Allocative-Efficiency Conclusions -- Chapter 6: A Critique of Various Relevance Arguments Made by Economists and Law and Economics Scholars -- Conclusion -- Notes -- Glossary of Frequently Used Symbols and the Concepts for Which They Stand -- Index.