ABSTRACT
Law and economics has been one of the most successful innovations in the legal academy in the last century. This intellectual revolution began modestly in the 1960s and 1970s with a few important and innovative articles1 and a comprehensive, masterful text,2 that showed the possibilities of the field. Then, in the 1980s the field exploded into respectability and prominence – becoming a regular course in the curricula of the best law schools, a vibrant legal research style that figured in a torrent of important books and articles, a force that transformed many faculty from exclusive practitioners of traditional doctrinal research to practitioners of a more social-science-oriented research, and a substantial justification for important public policy changes.3 By the early 1990s, economic analysis suffused a modern legal education, even one devoid of an explicit course in law and economics.
