Law and Ethics in Global Business or The Economics of Contracts

Law and Ethics in Global Business: How to Integrate Law and Ethics into Corporate Governance Around the World

Author: Brian Nelson

An understanding of the legal context of business is a prerequisite for today's global business environment and an essential aspect of the potential executive knowledge, yet too often it is poorly understood and even more poorly applied to business decisions.

This book provides comprehensive and, above all, business focused guidance on the fundamentals of business law and how they should be integrated into ethical and effective business decisions. It concentrates on legal principles and thereby is able to articulate the impact of global business law and its international applications and provides a comprehensive overview of the legal and ethical principles which both facilitate and regulate corporate business.

The author combines the expertise of a long-term blue chip law background with the insights of an experienced business educator. Law and Ethics in Global Business is both a comprehensive course book for MBA study and an invaluable business reference source for any executive involved in global business.

Table of Contents:

1	A global framework	3
2	Making business decisions : integrating law and ethics	13
3	Business regulation in general	25
4	Private property rights	39
5	General obligations (tort law)	53
6	Contract rights and obligations	65
7	Relationships with competitors : competition law	79
8	Relationships with consumers : consumer protection	93
9	Relationships with local communities : environmental law	103
10	Relationships with employees : employment and labor law	115
11	Relationships with taxing authorities : international corporate income taxation	139
12	Relationships with shareholders : corporate law	153
13	Relationships with share traders : securities regulation	163
14	Relationships with regulators : internal controls	175
15	Relationships with directors : board supervision	189
16	Relationships with creditors : creditors' rights and bankruptcy law	201
17	Dispute resolution : litigation, arbitration and mediation	217
18	Intellectual property rights : patents, copyrights, trademarks and trade secrets	233
19	International and European patents	243
20	Insuring business risks	257

Interesting textbook: New Preserves or Ultimate Frozen Dessert Book

The Economics of Contracts: A Primer

Author: Bernard Salani

Although it is one of the major achievements in the history of economic thought, the general equilibrium model is not completely satisfactory as a descriptive tool. In the 1970s several economists settled on a new way to study economic relationships that is often called the "economics of information." The theory of contracts is one of its main building blocks.

The theory of contracts uses partial equilibrium models that take into account the full complexity of strategic interactions between privately informed agents in well-defined institutional settings. The models sum up the constraints imposed by the prevailing institutional setting through a contract, either explicit or implicit. They make intensive use of noncooperative game theory with asymmetric information.

The Economics of Contracts introduces graduate students and nonspecialist professional economists to the theory of contracts. It grew out of a course Professor Salanié gave to third-year Stanford graduate students and third-year students at the Ecole Nationale de la Statistique et de l'Administration Economique. The book focuses on the methods used to analyze the models, but also discusses a few of the many applications the theory has generated in various fields of economics. The author's goal is to give readers the basic tools to create their own applications.