Emmerick, Elias van; Dold, Malte - In: Journal of contextual economics : Schmollers Jahrbuch 142 (2022) 1, pp. 21-40
In Fairness versus Welfare (2003), Louis Kaplow and Steven Shavell provide a manifesto for normative law and economics. Therein, they spell out the foundations for contemporary law and economics based on a Paretian consequentialist welfarism and a preferentialist account of welfare. We argue in...