Ponder On Economic Analysis Of Law

Economic analysis of law, which is also called Law economics, is one of the first primo west legal science trends being on the rise in USA in 60's. The research means used by legal science broadens law economics to the economic field. Law economics makes the legal science research field no longer limit to the choice of fair and justly, and it opens a new path for the legal science idea. Efficiency is regarded as the basic value as for the law. Legal benefit value theory and economic analysis method are significant breakthrough in legal science research area. Economic is powerful tool for standard Legal analysis. In a resources scarce world, efficiency is the recognition value. But traditional legal science idea is far more difference. It is because the difference between law economics and traditional legal science that product changes and even conflicts. The most prominent is "disposes the resources effectively" that law economics initiatives. It only can guarantee the public total wealth maximization; certainly it can not assign the wealth fairly. The idea of efficiency is supreme that law economic contains causes legal losses its fairness easily. From this angle, this thesis will elaborate fairness idea of law economic.