Economic Analysis of Law and Public Choice (Part 5)

25 de julio de 1995   | Vistas: 258 |  

About this video

In this lecture, Dr. Michael Krauss examines inalienability and citizenship. He explains that inalienable rights, such as the right to vote, and inalienable duties, like jury duty, do not take opportunity costs into consideration. The alternatives are market systems and the concept of alienable duties. Dr. Krauss mentions that game theory proves that government is necessary to enforce contracts. And finally, he analyzes two key differences between common and civil law: specific performance and penalty clauses.


Economic Analysis of Law and Public Choice (Part 5)
Dr. Michael Krauss

Universidad Francisco Marroquín
Guatemala, July 25, 1995

New Media - UFM production. Guatemala, January 2009
Conversion and digital editing: Mynor de León; index and synopsis: Christiaan Ketelaar; content revisers: Daphne Ortiz, Jennifer Keller; publication: Mario Pivaral / Carlos Petz


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín