Once a preserve of the American legal landscape, the class action device today transcends geographic boundaries. In the past decade, efforts have intensified to establish collective litigation instruments in diverse legal terrains outside the United States - including Europe - often with the...

India faces a shortage of qualified law teachers. According to the proposed legal education reform agenda, national law schools are due to open in each state and the standards at the existing 900+ law schools will undergo review. Indian law teachers will seek training on participatory learning...

This article explains the level of economic freedom in Muslim countries through the theory of institutional path dependency. Islamic countries are generally not free and they have a poor record regarding property rights. To explain these realities we use the institutional history of Muslim...

A gazdasági szereplõk nem-racionális magatartására vonatkozó gazdasági viselkedéstani kutatási eredmények értelmezése és a megfelelõ következtetések megfogalmazása kellõ körültekintést igényel: a neoklasszikus elmélet életszerûtlen emberképének meghaladása nem...

The economic thought of Jean-Jacques Rousseau has often been reduced to some pieces on money, inequalities, luxury and autarky. Compared to contemporary writings of Quesnay, Smith or Hume, it has been considered for long as backward. Jean Mathiot has however shown that, far from being...

We investigate the role of cooperatives in the allocation of risk across agents that we call workers and holders of capital. We show that, despite the inalienability of human capital (no forced labor) and limited liability on the part of all agents, financial coalitions can implement Pareto...

Both relational and positional goods are based upon an idea of joint consumption - thought with opposite signs. In both cases, agents are not self-regarded, but their consumption choices are other-regarded. Moreover, relational good lies on identity of its consumers. It implies a certain degree...

Law and Economics (L&E) has grown considerably over the last twenty years and has become one of the most influential approaches in the analysis of legal issues; L&E has also become a very useful tool for economists in designing reforms and economic development programs, in which the role of...

Attribuendo una interpretazione alternativa, rispetto a quella offerta dalla letteratura economica, dei reticoli sociali nel mercato del lavoro, si intende mettere in luce il ruolo che la criminalità organizzata gioca su questo mercato. In tal caso il ricorso alla rete per fini occupazionali...

The situation where European regions will fall behind with regard to defined categories of clusters with relation to their equivalents on the scale of the world economy can become a significant factor in the low competitiveness of the regions in a global economy. This particularly refers to the...