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What Does the Incoherence of the Efficiency Concept Mean for Law?

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If you have a question about this talk, please contact Guy Mulley.

We are delighted to report that Professor Neil Buchanan, who holds the Eminent Scholar Chair in Taxation at the University of Florida, will be our speaker on Thursday May 28th, at 5:00pm – 6:00pm (British Summer Time).

As usual, the meeting is open to anyone. No prior knowledge or experience of tax is necessary.

The title of Neil’s talk is: What Does the Incoherence of the Efficiency Concept Mean for Law? Further details about the topic, including background reading, are set out below.

The log-on for the meeting will be at: https://teams.microsoft.com/l/meetup-join/19%3ameeting_YmQ0NjZlYWEtNjdmYy00Y2U4LWEzYWEtYzUxNGY3ZDNhOTJh%40thread.v2/0?context=%7b%22Tid%22%3a%2249a50445-bdfa-4b79-ade3-547b4f3986e9%22%2c%22Oid%22%3a%22adbba0d3-b60f-49c6-af36-ebdd7203b6a5%22%7d

Please contact Guy – gevm2@cam.ac.uk – if you have any queries about the meeting.

Best Wishes May Hen-Smith and Guy Mulley Co-convenors, Cambridge Tax Discussion Group https://cambridge.tax

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Short Abstract Despite its ubiquity in economics and legal theory, the notion of economic efficiency is incoherent and thus does not provide an objective guide to policy or analysis. I am in the early stages of planning a book project in which I will write the lead chapter explaining why the efficiency concept is misunderstood and thus misused, and in the remaining chapters other scholars will explain how their fields of law should change once we stop treating efficiency as a meaningful concept. In this talk, I will explain in brief why efficiency has no fixed meaning and then explore with all of you what the other chapters of my planned book might cover (and who might write those chapters). Interested participants who want to read something in advance can focus on Parts II and V of this forthcoming article: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3553508 .

Biographical Information For more information about Professor Buchanan and his publications, please see: https://www.law.ufl.edu/faculty/neil-buchanan .

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