Other notable early authorized sociologists included Hugo Sinzheimer, Theodor Geiger, Georges Gurvitch and Leon Petrażycki in Europe, and William Graham Sumner in the U.S. The most prominent economic analyst of law is 1991 Nobel Prize winner Ronald Coase, whose first major article, The Nature of the Firm , argued that the reason for the existence of corporations (companies, partnerships, and so forth.) is the existence of transaction costs. Rational people trade by way of bilateral contracts on open markets until the costs of transactions mean that using corporations to produce things is less expensive.
Chapter 1: Introduction to Law and Legal Systems
Strong organizational skills are important for paralegals and legal assistants as they coordinate paperwork and reveals for regulation corporations. Legal assistants should be very correct and exact as they proofread paperwork and ensure that materials are in order. Lawyers could be self-employed, or work for a company or … Read More