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Legal Economics: Interactional Dimensions  of Economics and Law - (Legal Economics)
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Legal Economics: Interactional Dimensions of Economics and Law - (Legal Economics)

by K.C. Gopalakrishnan
Edition: Reprinted 2016
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Product Details:

Format: Paperback
Pages: 606 pages
Publisher: Eastern Book Company
Language: English
ISBN: 9789351453161
Dimensions: 24.2 CM X 3.17 CM X 16 CM
Publisher Code: AC/316
Date Added: 2005-09-16
Search Category: Textbooks
Jurisdiction: Indian

Overview:

This book on Economics is written keeping in mind the needs of law students for acquiring knowledge of economics for better understanding of law and its processes in society. The five-year integrated LL.B. course introduced by the Bar Council of India, provides for compulsory teaching of economics in the early years of the programme. Of late, Economics has become a subject full of mathematical equations and statistical analysis making much of it incomprehensible to a non-expert. This book has avoided many of these sophistications and has attempted to explain the concepts and principles in such a manner as to generate interest among law students. In this regard, a maiden attempt was made in the first edition of the text book on Economics for Law students, giving a unique presentation of the subject in the context of integrated legal studies. In this book, an attempt has been made to outline the impact of the New Economic Policy (NEP) on each topic in Economics and the Legal Adjustments and Reforms necessary for the implementation of NEP.

The book broadly has two parts. Part I- deals with the Macro and Micro aspects of Economics. It is divided into Introduction, Micro Economic Theory, Macro Analysis, Applied Economics and Economic Challenges. In each chapter, care has been taken to focus the interaction and inter-relationship of Law and Economics. Wherever relevant, case-law relating to socio-economic legislation has been critically examined. The final chapter summarises the various economic concepts developed in the book. Part II- deals with Economic Analysis of Law. Additionally, some important topics dealt with are Tort Law, Contract, Criminal Law and Criminal Judicial System, Tax Evasion and Avoidance and Consumer Protection Act.

For the benefit of the students, suggested questions and selected Bibliography have been included.

Reviews

  • Academy Law Review:
  • Every law student should have a better knowledge of current economic problems of the nation. The authors have made sincere effort for analysing such problems. The book is a useful guide to every law student to make a voyage into the vast ocean of law with great confidence.
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Table Of Contents:

PART I
INTRODUCTION
                   Economics & Law 1
Pot Pourrie of Economics 22

MICRO ECONOMIC THEORY
                   Basic Economic Concepts-Demand and Supply 33
Market Structures-Economic features 46
Price Policy-Product Pricing and Factor Pricing Theories etc. 53
Theory of Distribution 65
Labour and Wages 74
Rent and Interest 83
Capital-Domestic and Foreign 93
Human Capital 106
Organisation-Profits [Appendix : Administration & Law] 118

MACRO ECONOMIC POLICIES
                   Macro economics-Approach-And Policy Issues 136
Money and Banking 145
Public Finance-Fiscal Policy-Position in India 163
National Income 185

INTERNATIONAL ECONOMICS
                   Foreign Trade 196
International Financial Institutions 203

ECONOMIC CHALLENGES
                   Inflation, Recession and Stagflation 213
Defending National Currency (Indian Rupee) in the International
Financial Market : (vis-a-vis other Foreign Currencies)-Balance
of Payments Crisis 225
Energy Crisis 232

APPLIED ECONOMICS
                   Economic Growth and Development 241
Inequalities of Income, Wealth, Unemploymentand Poverty
[Appendix : Equality in an un-equal society-Rule of Law-An analysis 258
Planning in India-Broad Features-Five Year Plans Evaluation 294
Agrarian Reforms-Legal Issues and Solutions 307
Urban Economics 322
Population : Problems & Remedies 331
Costs of Economic Growth-Social Imbalances and Social Cost 359
Economic Systems 369

NEW ECONOMIC POLICY
                   New Economic Policy (NEP)-Features and Problems 382
Role of State in the Market Economy with Reference to
New Economic Policy 402
Structural Adjustment,-Adjustment Problems and Legal
Adjustments-Areas of Reforms 420
Globalisation of the Economy-Features, Relevancy to India-Legal
Problems and Sol-utions- An Analysis [Appendix : Economic
Terrorism-Rule of Law-Market Economy] 425
Final Chapter 444

PART II
                   Interactional Dimensions of Law & Economics (Macro) 457
Micro Analysis of Legal Economics : Neo-Institutional Model 467
Tort Law 477
Contract Law 485
Regulation-Consumer Protection Act 493
Tax Avoidance and Evasion-The Role of Tax Administration 502
Criminal Law and Criminal Justice System 513

PART III
                   BIBLIOGRAPHY 531
SELECTED QUESTIONS 533
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