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Imperfect Alternatives: Choosing Institutions in Law, Economics, and Public Policy
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Imperfect Alternatives: Choosing Institutions in Law, Economics, and Public Policy
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by Neil K. Komesar
Sales Rank : 142036
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Paperback: 295 pages
Publisher: University Of Chicago Press January 15, 1997
Language: English
ISBN-10: 0226450899
ISBN-13: 978-0226450896
Product Dimensions:
8.9 x 6 x 0.8 inches
Shipping Weight: 13.6 ounces
Product Description
Major approaches to law and public policy, ranging from law and economics to the fundamental rights approach to constitutional law, are based on the belief that the identification of the correct social goals or values is the key to describing or prescribing law and public policy outcomes. In this book, Neil Komesar argues that this emphasis on goal choice ignores an essential element—institutional choice. Indeed, as important as determining our social goals is deciding which institution is best equipped to implement them—the market, the political process, or the adjucative process.
Pointing out that all three institutions are massive, complex, and imperfect, Komesar develops a strategy for comparative institutional analysis that assesses variations in institutional ability. He then powerfully demonstrates the value of this analytical framework by using it to examine important contemporary issues ranging from tort reform to constitution-making.
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