Construct · 1 fields · 1 citations

wealth maximization: a standalone construct

One name. One construct. A landmark on the map.

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wealthmaximization1 CONSTRUCTWealth maximization POSNER · LAW AND ECONOMICS

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Law and economics

the normative claim that legal rules should be judged by whether they increase total social wealth, measured by willingness to pay.

In law and economics, wealth maximization refers to the normative claim that legal rules should be judged by whether they increase total social wealth, measured by willingness to pay. This meaning comes from Posner (1979) in The Journal of Legal Studies.[1]

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new view of dividend taxation1 fields · 1 citationsanchor · a standalone construct

References

  1. Posner, R. A. (1979). Utilitarianism, Economics, and Legal Theory. The Journal of Legal Studies, 8(1), 103-140. https://doi.org/10.1086/467603

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