Mirror of Justice

A blog dedicated to the development of Catholic legal theory.
Affiliated with the Program on Church, State & Society at Notre Dame Law School.

Wednesday, January 26, 2005

The Economics of Human Rights

Here is the abstract of an interesting-sounding paper (thanks to Larry Solum), "The Economic Effects of Human Rights":

Economists are often skeptical concerning the economic effects of various forms of human rights: it has been argued that basic human rights can make the legal system less efficient but also that extensive social rights are incompatible with market economies. It is argued here that basic human rights are a precondition for other kinds of rights such as property and civil rights and that they are thus efficiency-enhancing. Four different groups of rights are identified. It is asked what effects they have on welfare and growth. The transmission channels through which the different rights affect welfare and growth are identified by estimating their effects on investment in both physical and human capital and overall productivity. Basic human rights have indeed a positive effect on investment, but do not seem to contribute to productivity. Social or emancipatory rights, in turn, are not conducive to investment in physical capital but do contribute to productivity improvements. None of the four groups of rights ever has a significant negative effect on any of the economic variables here included.

So, here is a deliberately provocative, non-rhetorical question:  Should we even care about the "economic effects of various forms of human rights"?  Why or why not?

Rick 

https://mirrorofjustice.blogs.com/mirrorofjustice/2005/01/the_economics_o.html

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