Only legal facts should affect the application of the death penalty. This maxim is manifested in the U.S. constitution and stipulated by the Supreme Court. With regard to extra-legal economic factors, it has been applied to practice from 1950 to 1990 with the exception of two states: For...

This Article considers the effects of law within a Keynesian macroeconomic model on the economy. Using the IS/LM model at the heart of “short-run” macroeconomics, I argue that law affects spending (“aggregate demand”) and that the changes in spending induced by law can affect output. I...

In this Article, I offer a macroeconomic perspective on law that reshapes the microeconomic perspective that currently dominates law and economics. I argue that 1. The economy works one way in ordinary economic conditions, in which supply capacity determines output, and a different way in deep...

The worst financial and economic crisis to hit the world's richest economies since the Great Depression inspired a flood of scholarship that straddled the disciplines of law and macroeconomics. With few exceptions, this crisis scholarship did not set out to build a new interdisciplinary movement...

This paper analyzes the incentive properties of the standard and burden of proof for a finding of negligence, when evidence about injurers' behavior is imperfect and rests with the parties. We show that the `preponderance of evidence' standard used in common law, together with ordinary exclusion...

Conflicts generate profound shocks that destabilize political systems and erode the legitimacy of governing regimes. In the context of Ukraine, these adverse effects have taken on a distinct form, referred to here as the "Ukrainian Syndrome." The phenomenon describes the paradoxical coexistence...

Child labour is one of the severe problems faced by developed and developing economies. The Convention on the Rights of the Child (CRC) adopted on 20 November 1989 and entered into force on 2 September 1990. Nevertheless the challenges faced by the children remained the same. In some of the...

Although, Islamic law has been in existence for more than fourteen hundred years, but its implementation have been subjected to the willingness of the rulers in the passage of history and civilization. Although, the study on financial contracts has been extensively reviewed, the role of Islamic...

This paper aims at explaining observed distinct prices announced by a single supplier for an identical product, in an illegal framework. The modeling proposed here examines an augmented mark-up pricing equation for oligopolistic markets that includes a function of social discrimination. The...

On May 7, 2002, there was a legal dispute between Infored and Grupo Radio Centro, arising from a contract they concluded four years earlier, a dispute that leads to arbitration before the International Chamber of Commerce. The arbitral tribunal issued its final award, declaring the termination...