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Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.00

+2.0%

Jan 23 4:00 PM EST

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To: E. Charters who wrote (75840)	9/4/2001 8:02:11 AM
From: long-gone	Read Replies (2) of 116907

Economic Imperialism An Introduction to the Economic Analysis of Law by Pierre Lemieux -------------------------------------------------------------------------------- David D. Friedman, Law's Order: What Economics Has to Do with Law and Why It Matters (Princeton: Princeton University Press, 2000). Friedman shows again his technologically innovative spirit in the way he has paired his printed book with an on-line version, at best.com. -------------------------------------------------------------------------------- "What has economics to do with law?" is the first question that David Friedman asks in his introduction to the economic analysis of law. Suppose that murder was punished by death and that the same punishment will now be assigned to armed robbery. For an armed robber, the marginal punishment for killing his victim will thus be zero. The consequence will be that more robbers will kill their victims.(is this going on in the current gold market? - rh) The relation between economics and law, then, is that legal rules create incentives that lead to more or less efficient consequences. (cont) zolatimes.com

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