Evolution of Law and Economics and Birth of Economics of Equity and Justice
Keywords:
Law and Economics, Cross Impetus, Equity and Justice, Supervision CompensationAbstract
Law and Economics is one of the fastest growing schools in both law and economic disciplines since the 1970s. It is also one of the most important academic achievements in the two circles during the second half of the 20th century. This paper re-combs and analyzes the origin, logic foundation and principle theories of Law and Economics, and further summarizes up the intrinsic law governing the development of the discipline. Meanwhile, the paper discusses the trend toward the Economics of Equity and Justice and puts forward principles for international economic supervision compensation. The paper also proposes relevant suggestion on the localization and discipline construction of the Law and Economics.References
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