Bond University
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Article Title

The Inevitability of Law and Economics

Abstract

Economics is the study of rational behaviour in the face of scarcity. Economics and law are, therefore, inseparable. The legal system, too, is about coping with scarcity. If there were an abundance of every good thing, there would be no need for law, no need for a state. Life also would be boring.

Distribution Licence

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.