TY - JOUR
T1 - Economic inefficiency
T2 - A failure of economists
AU - Staten, Michael
AU - Umbeck, John
PY - 1989
Y1 - 1989
N2 - Use of the concept of economic “efficiency” to guide public policy and even the courts has become almost commonplace. The authors conclude that it is impossible, using traditional microeconomic models, to demonstrate empirically that an outcome is inefficient; they suggest an appropriate role for economics in legal analysis.
AB - Use of the concept of economic “efficiency” to guide public policy and even the courts has become almost commonplace. The authors conclude that it is impossible, using traditional microeconomic models, to demonstrate empirically that an outcome is inefficient; they suggest an appropriate role for economics in legal analysis.
UR - http://www.scopus.com/inward/record.url?scp=0039015032&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=0039015032&partnerID=8YFLogxK
U2 - 10.1080/00220485.1989.10844611
DO - 10.1080/00220485.1989.10844611
M3 - Article
AN - SCOPUS:0039015032
VL - 20
SP - 57
EP - 72
JO - Journal of Economic Education
JF - Journal of Economic Education
SN - 0022-0485
IS - 1
ER -