Guido Calabresi
- Published in print:
- 2016
- Published Online:
- May 2016
- ISBN:
- 9780300195897
- eISBN:
- 9780300216264
- Item type:
- chapter
- Publisher:
- Yale University Press
- DOI:
- 10.12987/yale/9780300195897.003.0005
- Subject:
- Law, Constitutional and Administrative Law
This chapter examines whether altruistic behavior or beneficence is an efficient way of producing a good such as medical care or education, and whether not-for-profit institutions deliver a ...
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This chapter examines whether altruistic behavior or beneficence is an efficient way of producing a good such as medical care or education, and whether not-for-profit institutions deliver a particular good or service as cheaply as self-interested ones. The notion that self-interest gets us what we want more cheaply presents us with a typical law and economics problem. If self-interest is more effective at producing the goods we want, the question is why there is so much altruism, so much beneficence, and so many not-for-profit structures in the world. This chapter considers altruism and beneficence in relation to tastes and values from an economic perspective. It also discusses the implications of treating altruism, beneficence, and not-for-profit institutions as ends rather than means. Finally, it explores what kinds of modified command and markets are most effective in optimizing the production of goods of this sort.Less
This chapter examines whether altruistic behavior or beneficence is an efficient way of producing a good such as medical care or education, and whether not-for-profit institutions deliver a particular good or service as cheaply as self-interested ones. The notion that self-interest gets us what we want more cheaply presents us with a typical law and economics problem. If self-interest is more effective at producing the goods we want, the question is why there is so much altruism, so much beneficence, and so many not-for-profit structures in the world. This chapter considers altruism and beneficence in relation to tastes and values from an economic perspective. It also discusses the implications of treating altruism, beneficence, and not-for-profit institutions as ends rather than means. Finally, it explores what kinds of modified command and markets are most effective in optimizing the production of goods of this sort.
Andrew J. Policano and Gary C. Fethke
- Published in print:
- 2012
- Published Online:
- June 2013
- ISBN:
- 9780804780506
- eISBN:
- 9780804782197
- Item type:
- book
- Publisher:
- Stanford University Press
- DOI:
- 10.11126/stanford/9780804780506.001.0001
- Subject:
- Business and Management, Strategy
This book examines the ever changing environment within higher education, including the permanent decline in state support for public universities. It raises the question of how research universities ...
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This book examines the ever changing environment within higher education, including the permanent decline in state support for public universities. It raises the question of how research universities can survive with reduced subsidies and increased competition from both non-profit and growing for-profit institutions. The book offers a strategic framework for determining how tuition and access should be set and how universities should decide on quality and program scope. Throughout the text, real-world examples illustrate successful and unsuccessful adoptions of the book's proposals.Less
This book examines the ever changing environment within higher education, including the permanent decline in state support for public universities. It raises the question of how research universities can survive with reduced subsidies and increased competition from both non-profit and growing for-profit institutions. The book offers a strategic framework for determining how tuition and access should be set and how universities should decide on quality and program scope. Throughout the text, real-world examples illustrate successful and unsuccessful adoptions of the book's proposals.
Guido Calabresi
- Published in print:
- 2016
- Published Online:
- May 2016
- ISBN:
- 9780300195897
- eISBN:
- 9780300216264
- Item type:
- chapter
- Publisher:
- Yale University Press
- DOI:
- 10.12987/yale/9780300195897.003.0001
- Subject:
- Law, Constitutional and Administrative Law
This introductory chapter explains the difference between law and economics, identified with John Stuart Mill, and the economic analysis of law, exemplified by Jeremy Bentham. It presents examples of ...
More
This introductory chapter explains the difference between law and economics, identified with John Stuart Mill, and the economic analysis of law, exemplified by Jeremy Bentham. It presents examples of recent scholarship of both fields and where they fit historically and considers why legal scholars have a particularly important role to play in law and economics, and especially in its future. This discussion serves as an introduction to the rest of the chapters which form the core of this book. It uses a law and economics approach to discuss the role of the lawyer, merit goods, and the perdurance and proper analysis of altruism and of not-for-profit institutions. It also examines what the use of the liability rule tells us about the relationship between markets and command, what economics often says about the validity of various tastes and values, and what economics can say about the shaping of tastes and values.Less
This introductory chapter explains the difference between law and economics, identified with John Stuart Mill, and the economic analysis of law, exemplified by Jeremy Bentham. It presents examples of recent scholarship of both fields and where they fit historically and considers why legal scholars have a particularly important role to play in law and economics, and especially in its future. This discussion serves as an introduction to the rest of the chapters which form the core of this book. It uses a law and economics approach to discuss the role of the lawyer, merit goods, and the perdurance and proper analysis of altruism and of not-for-profit institutions. It also examines what the use of the liability rule tells us about the relationship between markets and command, what economics often says about the validity of various tastes and values, and what economics can say about the shaping of tastes and values.
