Jafar Nouri; AbdurRashid Akhundi
Volume 2, Issue 5 , February 2014, , Pages 35-59
Abstract
AbstractIn very simple words, Economic Analysis of Law is an instrumental use of law inorder to bring efficiency. In this regard, many aspects of legal thought andinstitutions may be evaluated according to their role in bringing economicefficiency to the society. In this essay, we will discuss the so-called ...
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AbstractIn very simple words, Economic Analysis of Law is an instrumental use of law inorder to bring efficiency. In this regard, many aspects of legal thought andinstitutions may be evaluated according to their role in bringing economicefficiency to the society. In this essay, we will discuss the so-called Prescriptionas a legal institution. The most important questions which in this essay we aregoing to answer are: Is the economic analysis of prescription the same asevaluating advantages of prescription –which has a profound literature– or it isanother concept? Is prescription an efficient policy to the economists or it iswholly or partly inefficient? By assuming that it is an efficient device, howshould be its start, end, suspension, interruption and resume? This essay isdivided into two topics of discourse: First, we will explain related key concepts.Then, in the last topic of discourse, the economic analysis of prescription as amatter of law will be rendered.
