ABSTRACT

This book brings together the most authoritative articles on Law and Economics and the interaction between the two disciplines as well as the use of economic tools to analyse legal problems. Aimed at students experiencing the subject for the first time, the selections are interlaced with a wealth of features including explanatory introductions and exercises.

Key features of the reader include:

- The accessibility of the material: the articles should be understandable to those with only a limited background in economics and law.

- The book’s focus on the most important and basic – foundational – issues in law and economics.

- An exposition of the opposition between the different legal systems that exist in the world including common law, civil law and public law.

- Debates viewed from the perspective of the scholars from a range of backgrounds are presented as well as all the key figures in economics and in law.

The book should prove to be an essential resource to all students studying this burgeoning field and represents an exciting introduction to one of the key disciplines which has grown up in the social sciences in recent times.

chapter |2 pages

Introduction

part 1|30 pages

From old to new law and economics

chapter 2|17 pages

Wandering the Road from Pluralism to Posner

The transformation of law and economics in the twentieth century

part 2|65 pages

Towards an economic analysis of law

chapter 3|16 pages

The Law and Economics Movement

chapter 4|15 pages

The Art of Law and Economics

An autobiographical essay 1

chapter 5|27 pages

Behavioral Law and Economics

part 3|76 pages

The economics of the emergence and establishment of norms and customs

part 4|87 pages

The economics of legal systems

chapter 9|16 pages

Private Creation and Enforcement of Law

A historical case

chapter 10|41 pages

Bruno Leoni in Retrospect

chapter 11|12 pages

Crafting Social Rules

Common law vs. statute law, once again

chapter 12|11 pages

The German Civil Code of 1896

An economic interpretation

part 5|67 pages

The economics of judicial decision making

part 6|110 pages

Efficiency of the common law: myth or reality

chapter 16|79 pages

The Rise and Fall of Efficiency in the Common Law

A Supply-Side Analysis

chapter 18|13 pages

Micro and Macro Legal Efficiency

Supply and Demand