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Utility and Wealth-Maximisation: The Philosophical Foundations of the Chicago School of Law and Economics

Dr hab. Beata Polanowska-Sygulska

Jagiellonian University


English abstract:
The article discusses the philosophical rootedness of the economic analysis of law. Utilitarianism is identified as the main source of inspiration for the law and economics movement. A brief account of the most important issues that utilitarianism raises is given. A detailed analysis of the complex relationship between utilitarianism and wealth-maximisation is carried out. The affinities and the differences between the two standpoints are specified. The main disparity, i.e. the status of both maximisation precepts is highlighted. The incoherence of R. Posner’s position including his pragmatic argument for wealth maximisation and his commitment to the thesis about ethical convergence is pointed out.

Keywords: economic analysis of law, ethic of productivity, wealth-maximization, pragmatic decision procedure, teleological theory, utilitarianism

Language: Polish

Published: Number 1(2)/2011, pp. 5-14.

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References:

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  8. Polanowska-Sygulska B., Between Utility and Wealth-Maximization, w: Stelmach J., Brożek B., Załuski W. (red.), Studies in the Philosophy of Law: Frontiers of the Economic Analysis of Law, Kraków 2007.
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  17. Williams B., Moralność. Wprowadzenie do etyki, Warszawa 2000.

Filed Under: Articles Tagged With: Beata Polanowska-Sygulska

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Keywords

qualified legal assistance lawyers’ ethics sociological jurisprudence normative systems conception pragmatism ethics of never again politics Thomas Bayes Natural kinds linguistic corpora Olga Sitarz normativism Carl Schmitt constitutional protection social obligation neutrality of law. Hart-Dworkin debate civic society hylomorphism personal traits codification field of axiological awareness Polish law realism institutionalization of collective memory legal institutionalism extraordinary appeal law beyond statutory law will market economy antagonism internal point of view Neil MacCormick antinomies structural coupling judicial disobedience schools of legal thought cognitive psychology lawyers’ professional self-government legal disagreement rhetoric organ donation non-legislative lawful excuse methodology of legal sciences legal status of animals Poland’s constitutional crisis social ethics judicial argumentation idealism

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