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Jeremy Bentham et l'efficience économique du droit. Une illustration par l'analyse des règles monétaires

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  • Marco Guidi
  • Nathalie Sigot
Abstract
This article aims at showing how Bentham addressed the modern issue of the economic efficiency of the law (as defined by Posner) ; to do that, we focus on Defence of Usury [1787] and the manuscript Sur les prix [1801a] : in 1787, Bentham stated that, in order to increase wealth, the rate of interest should be freely determined by the market ; in 1801, he called for a system of controlling the money supply growth. The relationship between market and rules is thus fundamental ; with usury laws, rules are intended to replace market, although market is more efficient and opens many possibilities of circumvention (I), while Bentham plead for a complementary relationship between rules and market, in the case of his proposals for controlling the money supply (II). Classification JEL : B1 ; B3

Suggested Citation

  • Marco Guidi & Nathalie Sigot, 2014. "Jeremy Bentham et l'efficience économique du droit. Une illustration par l'analyse des règles monétaires," Revue économique, Presses de Sciences-Po, vol. 65(2), pages 225-242.
    • Handle: RePEc:cai:recosp:reco_652_0225
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    JEL classification:

    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals

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