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Conceptions of rationality in law and economics
Published in Springer Science and Business Media LLC
Volume: 31
Issue: 2
Pages: 199 - 228

Law and economics is going through a paradigm shift as the influential behavioral school is challenging and remolding its very foundation, i.e., homoeconomicus model. However, neither of the approaches captures the essence of interaction between entrepreneurial heterogeneous agents. The Misesian homoagens approach adequately addresses the deficiencies of the predominant paradigm, opening doors to a far richer legal-economic analysis incorporating real world dynamics of complex market processes.

About the journal
JournalData powered by TypesetEuropean Journal of Law and Economics
PublisherData powered by TypesetSpringer Science and Business Media LLC
Open AccessNo