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Interpretation of contract law based on Iran's general economic law
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Mohammad Masoudi Nia   |
| Assistant Professor, Department of Law, School of Social Sciences and Law, Payam Noor University, Tehran, Iran , masoudinia@pnu.ac.ir |
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Abstract: (979 Views) |
Economy, like ethics and justice, is considered one of the main sources in the interpretation of contract law. From this perspective, a legal rule is effective in creating wealth and social welfare and any legal rule that causes waste of resources should be reconsidered. The economics of law or the economic analysis of law analyzes law from an economic perspective. This school is inspired by the philosophy of consequentialism of justice and is considered a kind of scientific methodology. The logic of the economics of law is the application of economic principles in the legal decision-making process. The economics of contracts is also concerned with achieving contractual efficiency, allocating transaction costs, combating contractual opportunism and allocating contractual risks to provide social welfare and implement efficient contracts. It can be said that contracts are studied in terms of of economic efficiency in the economic approach to law.
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Article number: 17 |
| Keywords: economic law, economic theory, economic analysis, contracts |
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Full-Text [PDF 399 kb]
(799 Downloads)
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Article type: Research |
Subject:
Special
Received: 2021/12/26 | Accepted: 2022/01/22 | Published: 2022/03/1
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