::George
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Thomas Rustici's Weblog
::The
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Scholarship and Commentary by
Thomas Rustici
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Public Choice View of the Minimum Wage in Cato Journal
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Individual Health Risk From Health Insurance? Incremental Regulation Versus
Market Choices at Competitive Enterprise Institute
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::Home
Law 108: Economic Foundations of Legal
Studies
This course is designed to
familiarize students with the fundamentals of microeconomic theory.
The central focus this course takes is an understanding of the
process of price formation in a free exchange economy. We rigorously
examine the various legal rules and economic incentives that operate
within the constitutional free enterprise system. Market
institutions such as: the firm, advertising, profit-loss mechanism,
futures speculation, and property rights are explored for their role
in the coordination of economic activity. Finally these principles
are applied to the larger issues of economic regulation,
environmental quality, and the “political marketplace” of
representative democracy.
::Syllabus
Online Class Readings
- Thomas Rustici,
A
Public Choice View of The Minimum Wage
- D. Deere, K. M. Murphy, and Finis Welch,
Sense
and Nonsense on the Minimum Wage
- Hugh Rockoff,
Price Controls
- Walter Block,
Rent
Control
- David Ricardo,
On Foreign Trade
- Frederic Bastiat,
The Candlemaker’s Petition
- Ronald Coase, The Nature
Of The Firm Economica, New Series, Vol. 4, No. 16. (Nov.,
1937), pp. 386-405
- A. Alchian and H. Demsetz,
Production, Information Costs
and Economic Organization The American Economic Review,
Vol. 62, No. 5. (Dec., 1972), pp. 777-795
- James Madison, Federalist
10 &
51
- Richard Posner, Taxation
by Regulation The Bell Journal of Economics and Management
Science, Vol. 2, No. 1. (Spring, 1971), pp. 22-50.
- George Stigler, The
Theory of Economic Regulation The Bell Journal of Economics
and Management Science, Vol. 2, No. 1. (Spring, 1971), pp.
3-21.
- F. McChesney, Rent
Extraction and Rent Creation in the Economic Theory of Regulation
The Journal of Legal Studies, Vol. 16, No. 1. (Jan., 1987),
pp. 101-118.
- Bruce Yandle, Bootleggers and Baptists
- Fred S. McChesney,
Antitrust
- Faith, Roger L, Leavens, Donald R, Tollison, Robert D,
Antitrust Pork Barrel Journal of Law and Economics, Vol. 25, No. 2. (Oct., 1982),
pp. 329-342.
- John McGee, Predatory
Price Cutting: The Standard Oil (NJ) Case Journal of Law
and Economics, Vol. 1. (Oct., 1958), pp. 137-169.
- Independent Institute:
Theory, Evidence,
and Examples of FDA Harm
- W. Kip Viscusi,
Job
Safety
- John Baden and Richard Stroup, Saving the Wilderness Reason
13(July): 28–36
- Robert Smith,
Resolving the Tragedy of the Commons
- Terry Anderson,
Nature’s Entrepreneurs
- Fred Smith,
Risks and the Modern World
Click
here
for texts available through GMU
e-reserves. |