Research article
Utility and Wealth-Maximisation: The Philosophical Foundations of the Chicago School of Law and Economics
Użyteczność a maksymalizacja bogactwa: Filozoficzne zakorzenienie poglądów Chicagowskiej szkoły law & economics
Archiwum Filozofii Prawa i Filozofii Społecznej, nr 1(2)/2011, s. 5-14
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
References
16 reference entries
References
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Publication information
Issue data
Issue nr 1(2)/2011
- Pages
- 5-14
- Published
How to cite
Bibliographic description and verified export formats.
Format AFPiFS
B. Polanowska-Sygulska, Utility and Wealth-Maximisation: The Philosophical Foundations of the Chicago School of Law and Economics, „Archiwum Filozofii Prawa i Filozofii Społecznej” nr 1(2)/2011, s. 5–14, DOI: 10.36280/afpifs.2011.1.5
ACM
[1] Beata Polanowska-Sygulska. 2011. Utility and Wealth-Maximisation: The Philosophical Foundations of the Chicago School of Law and Economics. AFPiFS 1(2) (2011), 5–14. https://doi.org/10.36280/afpifs.2011.1.5
ACS
(1) Polanowska-Sygulska, B. Utility and Wealth-Maximisation: The Philosophical Foundations of the Chicago School of Law and Economics. AFPiFS 2011, No. 1(2), 5–14. https://doi.org/10.36280/afpifs.2011.1.5.
APA
Polanowska-Sygulska, B. (2011). Utility and Wealth-Maximisation: The Philosophical Foundations of the Chicago School of Law and Economics. Archiwum Filozofii Prawa i Filozofii Społecznej, 1(2), 5–14. https://doi.org/10.36280/afpifs.2011.1.5
ABNT
POLANOWSKA-SYGULSKA, Beata. Utility and Wealth-Maximisation: The Philosophical Foundations of the Chicago School of Law and Economics. Archiwum Filozofii Prawa i Filozofii Społecznej, n. 1(2), p. 5–14, 2011.
Chicago
Polanowska-Sygulska, Beata. “Utility and Wealth-Maximisation: The Philosophical Foundations of the Chicago School of Law and Economics.” Archiwum Filozofii Prawa i Filozofii Społecznej, no. 1(2) (2011): 5–14. https://doi.org/10.36280/afpifs.2011.1.5.
Harvard
Polanowska-Sygulska, B. (2011) “Utility and Wealth-Maximisation: The Philosophical Foundations of the Chicago School of Law and Economics,” Archiwum Filozofii Prawa i Filozofii Społecznej, 1(2), pp. 5–14. Available at: https://doi.org/10.36280/afpifs.2011.1.5.
IEEE
[1] B. Polanowska-Sygulska, “Utility and Wealth-Maximisation: The Philosophical Foundations of the Chicago School of Law and Economics,” AFPiFS, no. 1(2), pp. 5–14, 2011, doi: 10.36280/afpifs.2011.1.5.
MLA
Polanowska-Sygulska, Beata. “Utility and Wealth-Maximisation: The Philosophical Foundations of the Chicago School of Law and Economics.” Archiwum Filozofii Prawa i Filozofii Społecznej, no. 1(2), 2011, pp. 5–14, https://doi.org/10.36280/afpifs.2011.1.5.
Turabian
Polanowska-Sygulska, Beata. “Utility and Wealth-Maximisation: The Philosophical Foundations of the Chicago School of Law and Economics.” Archiwum Filozofii Prawa i Filozofii Społecznej, no. 1(2) (2011): 5–14. https://doi.org/10.36280/afpifs.2011.1.5.
Vancouver
1. Polanowska-Sygulska B. Utility and Wealth-Maximisation: The Philosophical Foundations of the Chicago School of Law and Economics. AFPiFS. 2011;1(2):5–14. doi:10.36280/afpifs.2011.1.5
OSCOLA
Beata Polanowska-Sygulska, ‘Utility and Wealth-Maximisation: The Philosophical Foundations of the Chicago School of Law and Economics’ (2011) 1(2) AFPiFS 5 <https://doi.org/10.36280/afpifs.2011.1.5>.