Economic Law

Governments extensively use legal capacity for economic development, self-sufficiency, job creation, protection of vulnerable groups, social justice, elimination of deprivation in less privileged areas and even maintaining internal and external security. They have established extensive laws and regulations in the field of economic activities. The widespread use of legal tools to control and engineering the economic behavior of individuals and firms has led to the creation of a branch of law called “economic law.” In this book, the principles, goals, and methods of government intervention in economic affairs through policy-making, legislation and regulation have been studied. It also discusses legislation and regulation to deal with market failure, the realization of distributive justice, welfare, economic freedom, privatization, deregulation, the regulatory government, regulatory bodies, self-regulation, and good regulatory standards.