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The Edgar Companion to Law & Economics (2nd Ed.) by Jurgen G.Backhaus

The Edgar Companion to Law & Economics (2nd Ed.) by Jurgen G.Backhaus

This thoroughly updated and revised edition of a popular and authoritative reference work introduces the reader to the major concepts and leading contributors in the field of law and economics. “The Companion” features accessible, informative and provocative entries on all the significant issues, and breaks new ground by bringing together widely dispersed yet theoretically congruent ideas. Following a comprehensive introduction by the editor, the renowned contributors look in detail at several critical areas including: fundamentals of the law and economics approach, private law and economics, public law and economics, labour law and economics, regulation, taxation and public enterprise, dispute resolution, different sources of the law, economic analysis of a legal problem, and classical authors in law and economics.

Review

“‘Backhaus’s book is a good companion.’ – Pablo Salvador Coderch, Indret ‘A most valuable collection of papers serving to provide the reader both with an overview of some key areas in law and economics and with a biographical introduction to the work of some important, if also neglected, sources of scholarship in the discipline.’ – Anthony I. Ogus, CBE, University of Manchester, UK”

About the Author

Edited by Jürgen G. Backhaus, Krupp Chair in Public Finance and Fiscal Sociology, Erfurt University, Germany

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : The Edgar Companion to Law & Economics (2nd Ed.) by Jurgen G.Backhaus