Business Commons^™

Can Law And Economics Be Both Practical And Principled?, David A. Hoffman, Michael P. O'Shea

David A Hoffman

This article describes important recent developments in normative law and economics, and the difficulties they create for the project of efficiency-based legal reform. After long proceeding without a well articulated moral justification for using economic decision procedures to choose legal rules, scholars have lately begun to devote serious attention to developing a philosophically attractive definition of well-being. At the same time, the empirical side of law and economics is also being enriched with an improved understanding of the complexities of individuals' decision-making behavior. That is where the problems begin. Scholars may have better, more plausible conceptions of well-being in hand, …

Innovations In Competitive Manufacturing, Paul Swamidass

Paul Swamidass

Competitive manufacturing in the US was made possible by the progress made in a number of areas. For example, progress in competitive manufacturing is attributable to advances in the strategic use if manufacturing, cellular manufacturing, lean manufacturing, flexible automation, total quality management, supply chain management, design for manufacturing, mass customization, improved costing, and so on.

Pressured by competition, US manufacturers began the journey to competitive manufacturing in the late seventies; their success brought revolutionary changes to US manufacturing.

The book is arranged in 13 different chapters, each covering a major subject within manufacturing management. Each chapter consists of one or …