Law Commons^™

Agriculture And The Western Australian Economy : An Input-Output Analysis, Nazrul Islam, Peter Johnson

All other publications

In October 1996 the Office of Policy and Planning in Agriculture Western Australia undertook a collaborative research project on ‘Agriculture in the Western Australian Economy’ with the Economic Research Centre (ERC), University of Western Australia. One of the main objectives of the project was to ensure that the new input-output (I-O) table for Western Australia being produced by the ERC, would incorporate agricultural industries in a manner that corresponded to the different industry programs of Agriculture Western Australia. The resulting 111-sector WA table is based on the national I-O table for 1992-93 and is presented in Volume 2 of the …

Legal Differences Without Economic Distinctions: Points, Penalties, And The Market For Mortgages, Alan L. Feld

Faculty Scholarship

Economic analysis can serve many functions when applied to the law, most notably prediction (how people' react to laws and lawmaking processes), evaluation (whether these reactions result in social efficiency), and description (which features of laws, and lawmaking are salient). Here we propose to describe. We use economic analysis to show a legal difference without an economic distinction. We demonstrate the economic equivalence of two practices in the mortgage market. Interestingly, widespread bans exist on one of these practices, but no restrictions exist on the other.

Specifically, in this essay we examine the relationship among points, prepayment penalties, and financial …

Of Characterization And Other Matters: Thoughts About Multiple Damages, G. Robert Blakey

Journal Articles

Modern economic analysis owes too much to the conceit of Bentham and his followers in their arrogant reliance on disembodied reason. In fact, they have "shaped the course of law reform" for large segments of the modern world; unfortunately, they "neglected all the complex social evolution which ... [went into] the making of... [that] world and individuals" in it; and for that "reason..., they considered that the study of history was a matter of minor importance." Bentham and his many followers too often tend to rely on a handful of assumptions and reason alone–coupled with a veneer of mathematics–to describe …