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An Austrian Approach to Law and Economics, with Special Reference to Superstition
Originally published in The Review of Austrian Economics
This paper has two purposes. First, it considers what the components of an “Austrian” law and economics might consist of. Second, to illustrate what some aspects of an Austrian law and economics might look like in practice, the author consider several examples of the economic analysis of beliefs of import for the law.
This paper has two purposes. First, it considers what the components of an “Austrian” law and economics might consist of. Second, to illustrate what some aspects of an Austrian law and economics might look like in practice, the author consider several examples of the economic analysis of beliefs of import for the law. Professor Leeson focuses on objectively false beliefs, or superstitions, and argue that some such beliefs are socially productive.
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