This paper summarizes Hayekian Law and Economics.

This paper is the sequel to chapter 30 of the 1999 first edition of The Elgar Companion to Law and Economics (ed. J. Backhaus). A new section has been added entitled 'An application of Hayekian law and economics: the comparative analysis of alternative monetary and banking regimes'.

How should judges interpret statutes? Like many others, we begin with the premise that statutory interpretation is a quest by judges to use the best available theory and information to determine “what statutes mean.” When seen in this light, two attributes of statutes merit attention. ·...

Este trabajo expone un marco justificativo para una de las formas de intervención del Estado en las actividades económicas. Asimismo, se describen los distintos fundamentos subyacentes en la acción pública y más particularmente, en la regulación de la competencia desleal. Por otra parte se...

The paper contrasts Lipset’s modernization hypothesis and Przeworski- Limongi hypothesis that entries into democracy are random with respect to income. We use data on income and democracy going back to 1820, multiple definitions of democracy, and non-parametric testing focusing on the...

Restricciones Verticales, Residual Claimant y Predación Vertical: Algunas Consideraciones sobre la Distribución de Cerveza en Venezuela Resumen: Si bien la literatura de competencia y economía industrial reconoce las posibles eficiencias que puedan generarse de contratos de distribución...

The tax office wins most cases in Japan. We think about why this might be. We find that although judges who rule in favor of the taxpayer do not suffer in their future careers, if the loser-- whether governemnt or taxpayer--appeals and wins, the reversed judge's career does take a turn for the...

The reconstruction of the international order after World War I put great emphasis on social reforms through the International Labor Organization (ILO). Three types of arguments were used to promote social reform. The first asserted that international economic competition meant that social...

Conviction rates in Japan exceed 99 percent -- why? On the one hand, because Japanese prosecutors are badly understaffed they may prosecute only their strongest cases and present judges only with the most obviously guilty defendants. On the other, because Japanese judges can be reassigned by the...