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The aim of economic analysis of law is to analyze the legal system by applying economic theories and methods. Economic analysis of law can greatly contribute to the efficiency and effectiveness of the legal system. The points of contact between law and economics, the impact of economics on the legal system and the brief historical review of the origins of interdisciplinary economics and law are presented in the introduction of this paper. Furthermore, economic methods applied in the analysis of law will be listed and presented indirectly through the analysis of crime offenses against property - larceny and aggravated larceny. The analysis will be based on statistical data and a theoretical example, and finally the theory of compensation of total damage caused will be presented as economization of sanctions imposed. |
