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- W2048442008 abstract "ONE basic approach to modern research in law and economics holds that the common law functions as a substitute for voluntary transactions in those instances in which market forces fail to operate freely and well.' Often the claim is couched in still stronger form by insisting that on many occasions judges act as the unknown agents of the invisible economic hand.2 Yet even in ancient times the application of economic principles to legal problems did not necessarily take place in an unconscious fashion. In Jewish law, for example, there is abundant evidence, as reflected in previous writings,3 that lawmakers (judges, teachers of the law, distinguished rabbinical figures, authors of formal codes and responsa-all deriving their authority from a complex process of natural selection) not only are unconsciously affected by economic considerations but also" @default.
- W2048442008 created "2016-06-24" @default.
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- W2048442008 date "1986-06-01" @default.
- W2048442008 modified "2023-09-24" @default.
- W2048442008 title "Economic Efficiency and Making of the Law: The Case of Transaction Costs in Jewish Law" @default.
- W2048442008 doi "https://doi.org/10.1086/467818" @default.
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