An Inquiry for My Favorite Reverend
Posted: Mon Jan 02, 2023 4:37 am
Reverend Kishkumen,
I hope you and yours enjoyed the happiest of holidays. In our last conversation, you said something that confused and intrigued me. I hope you are willing to elaborate:
Although I think economics are included in the important factors to be considered in proposing and evaluating the effect of laws, I definitely do not subscribe to the the theories of law and economics. I am not persuaded that economics explains, let alone predicts, the outcome of cases. And I strongly reject the principles of normative law and economics. To the extent I have something resembling a coherent legal philosophy, I think it’s something like Rawls. https://en.m.wikipedia.org/wiki/A_Theory_of_Justice
While I think microeconomic theory is useful, maybe necessary, for understanding how market forces affect society, including the real world effect of laws, the theory of the free market is completely dependent on a number of assumptions that simply do not obtain in the real world. And the point at which an economy will equilibrium is completely dependent on the property rights regime that society chooses to adopt. So, to focus on economic efficiency as the goal of a legal system fails to take account of how manipulate the market is.
So, either I’ve either miscommunicated some of my fundamental views (entirely plausible) or you meant something different by “Law and Econ.” Further enlightenment would be quite helpful to me.
The intriguing part is use of the term “creepy.” Given my profession and proclivity to babble, I’ve heard lots of adjectives used to describe both me and my views. But “creepy” Is a new one for me. My first guess was the fact that I tend to focus on the real world effects of laws as opposed to reasoning from abstract moral values as a foundation for laws in general. But it’s just a guess, and I’d find it valuable to learn more about how the way I talk about law and economics (lowercase) strikes you as creepy.
Many thanks.
I hope you and yours enjoyed the happiest of holidays. In our last conversation, you said something that confused and intrigued me. I hope you are willing to elaborate:
I was confused by your use of the term “Law and Econ,” as I’ve always associated that term with the legal theory purported primarily by folks associated with the University of Chicago. https://en.m.wikipedia.org/wiki/Law_and_economicsKishkumen wrote: I think in terms of not having idle discussions your Law and Econ bent, which I encountered first roughly a decade ago, which is all about molding behaviors through shaping choices, is useful, but I also always found it somewhat creepy.
Although I think economics are included in the important factors to be considered in proposing and evaluating the effect of laws, I definitely do not subscribe to the the theories of law and economics. I am not persuaded that economics explains, let alone predicts, the outcome of cases. And I strongly reject the principles of normative law and economics. To the extent I have something resembling a coherent legal philosophy, I think it’s something like Rawls. https://en.m.wikipedia.org/wiki/A_Theory_of_Justice
While I think microeconomic theory is useful, maybe necessary, for understanding how market forces affect society, including the real world effect of laws, the theory of the free market is completely dependent on a number of assumptions that simply do not obtain in the real world. And the point at which an economy will equilibrium is completely dependent on the property rights regime that society chooses to adopt. So, to focus on economic efficiency as the goal of a legal system fails to take account of how manipulate the market is.
So, either I’ve either miscommunicated some of my fundamental views (entirely plausible) or you meant something different by “Law and Econ.” Further enlightenment would be quite helpful to me.
The intriguing part is use of the term “creepy.” Given my profession and proclivity to babble, I’ve heard lots of adjectives used to describe both me and my views. But “creepy” Is a new one for me. My first guess was the fact that I tend to focus on the real world effects of laws as opposed to reasoning from abstract moral values as a foundation for laws in general. But it’s just a guess, and I’d find it valuable to learn more about how the way I talk about law and economics (lowercase) strikes you as creepy.
Many thanks.