Question: what is the commentator stating when he says My take on this theory of law and economics is that it has done a great deal
what is the commentator stating when he says My take on this theory of law and economics is that it has done a great deal of good in sharpening the meaning of justice and what it means to achieve a fair result. It has resulted in intensified search for actual facts on the good or harm done by the law and this has been tremendously beneficial. This is mostly true of litigation, which has as its goal the taking of funds from a wrongdoer and putting the hands on one who has been harmed. However, it's less effective when appeal to moral justice is appropriate and the law and economics advocates are silent on this issue Economic theory has helped a lot in using modern critical thinking to refine our ideas of impartiality and the measure of vice. However, it's does not replace the moral underpinnings of the law and it should not be viewed as succeeding in that area because it's a great limitation and as you read these final pages of Bix, bear in mind the serious limitations of a deeply beneficial, but seriously difficult legal theory
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