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Law and Economics

A branch of legal theory which employs the tools provided by economics to explain and evaluate the effects and consequences of legal rules and to solve legal problems. Using the tools of economic analysis applied to law distinguishes three different schools: normative, positive and “public choice”. Gaining popularity, the movement’s founders and influential academics have been related to FEE: Aaron Director, Richard Epstein, Henry Manne, Donald J. Boudreaux.

 

Ivan Pongracic - Public Choice Economics

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CURRENT ISSUE

October 2014

Heavily-armed police and their supporters will tell you they need all those armored trucks and heavy guns. It's a dangerous job, not least because Americans have so many guns. But the numbers just support these claims: Policing is safer than ever--and it's safer than a lot of common jobs by comparison. Daniel Bier has the analysis. Plus, Iain Murray and Wendy McElroy look at how the Feds are recruiting more and more Americans to do their policework for them.
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