Given the constitution of a particular society, this constitution needs to be adopted to changing social realities. This may be achieved by either interpretation or amendment. This paper seeks to provide an analysis of the Process of the Interpretation of the Constitution (PIC), by which...

The objective of this note.is to discuss optimal enforcement strategies vis-a-vis organized and unorganized crime. Taking an earlier contribution by Buchanan as a starting point of the analysis, it is argued that his proposal to monopolize crime in order to reduce the general level of criminal...

A methodological critique of the Chicago School of legaleconomic analysis, in particular Posner's approach, is illustrated by an example characterizing Chicago-type 'analysis of law'. Although the discussion of the example referred to may be interesting in its own right, its purpose here is to...

Die augenblickliche Finanzkrise ist nur möglich geworden, weil die amerikanische Notenbank die Kreditzinsen künstlich niedrig gehalten hat und auf diese Weise eine enorme Verlängerung der Bankbilanzen ermöglichte. Diese Verlängerung führte einerseits zu einer starken Verschuldung der...