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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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FEE offers live online events for people new to the economic, ethical, and legal principles of a free society.

CURRENT ISSUE

July/August 2014

The United States' corporate tax burden is the highest in the world, but innovators will always find a way to duck away from Uncle Sam's reach. Doug Bandow explains how those with the means are renouncing their citizenship in increasing numbers, while J. Dayne Girard describes the innovative use of freeports to shield wealth from the myriad taxes and duties imposed on it as it moves around the world. Of course the politicians brand all of these people unpatriotic, hoping you won't think too hard about the difference between the usual crony-capitalist suspects and the global creative elite that have done so much to improve our lives. In a special tech section, Joseph Diedrich, Thomas Bogle, and Matthew McCaffrey look at various ways these innovators add value to our lives--even in ways they probably never expected.
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