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The Artificiality Of Economic Models As A Guide For Legal Evolution, Nancy K. Kubasek
The Artificiality Of Economic Models As A Guide For Legal Evolution, Nancy K. Kubasek
Cleveland State Law Review
This Comment focuses on the frequent conflict between orthodox economic theory and the direction taken by legislation or the common law. Several specific areas of legal decision making are discussed as illustrations of this conflict with an emphasis on the artificiality of the economic thinking that caused the disagreement. The purpose of this analysis is to caution those who would use economic models as their primary beacon for prescribing future legal developments. The first section of this Comment looks at three specific controversial areas in which orthodox economic arguments are frequently considered: wage and price controls, comparable worth claims, and …
The Artificiality Of Economic Models As A Guide For Legal Evolution, Nancy K. Kubasek
The Artificiality Of Economic Models As A Guide For Legal Evolution, Nancy K. Kubasek
Cleveland State Law Review
This Comment focuses on the frequent conflict between orthodox economic theory and the direction taken by legislation or the common law. Several specific areas of legal decision making are discussed as illustrations of this conflict with an emphasis on the artificiality of the economic thinking that caused the disagreement. The purpose of this analysis is to caution those who would use economic models as their primary beacon for prescribing future legal developments. The first section of this Comment looks at three specific controversial areas in which orthodox economic arguments are frequently considered: wage and price controls, comparable worth claims, and …