Economics and the Law

From Posner to Postmodernism and Beyond - Second Edition
2. Auflage 2006
ISBN: 978-0-691-12572-5
Verlag: Princeton University Press

Buch, Englisch, 398 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 675 g

This is an expanded second edition of Nicholas Mercuro and Steven Medema's influential book Economics and the Law, whose publication in 1998 marked the most comprehensive overview of the various schools of thought in the burgeoning field of Law and Economics. Each of these competing yet complementary traditions has both redefined the study of law and exposed the key economic implications of the legal environment. The book remains true to the scope and aims of the first edition, but also takes account of the field's evolution. At the book's core is an expanded discussion of the Chicago school, Public Choice Theory, Institutional Law and Economics, and New Institutional Economics. A new chapter explores the Law and Economics literature on social norms, today an integral part of each of the schools of thought. The chapter on the New Haven and Modern Civic Republican approaches has likewise been expanded. These chapters are complemented by a discussion of the Austrian school of Law and Economics. Each chapter now includes an "At Work" section presenting applications of that particular school of thought. By providing readers with a concise, noncritical description of the broad contours of each school, this book illuminates the fundamental insights of a field with important implications not only for economics and the law, but also for political science, philosophy, public administration, and sociology.

Autoren/Hrsg.

Mercuro, Nicholas

Medema, Steven G.

Fachgebiete

• Rechtswissenschaften Wirtschaftsrecht
• Geisteswissenschaften Geschichtswissenschaft Geschichtliche Themen Wirtschaftsgeschichte
• Geisteswissenschaften Philosophie Rechtsphilosophie, Rechtsethik
• Rechtswissenschaften Recht, Rechtswissenschaft Allgemein Rechtsphilosophie, Rechtsethik
• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftsgeschichte
• Rechtswissenschaften Recht, Rechtswissenschaft Allgemein Rechtssoziologie, Rechtspsychologie, Rechtslinguistik

Inhaltsverzeichnis

Preface ix

Chapter 1: The Jurisprudential Niche of Law and Economics 1 Appendix A: The Theory of Market Failure 60 Appendix B: Efficiency Concepts in Law and Economics 68

Chapter 2: Chicago Law and Economics 94

Chapter 3: Public Choice Theory 156

Chapter 4: Institutional Law and Economics 208

Chapter 5: The New Institutional Economics 241

Chapter 6: Branching Out: New Haven, Modern Civic Republican, and Austrian Approaches 284

Chapter 7: Social Norms and Law and Economics 306

Bibliography 343

Index 375

Über Autor(innen)

Nicholas Mercuro is Professor of Law in Residence at Michigan State University College of Law and a faculty member of James Madison College. He has authored or edited seven books and is the founder and coeditor of the book series "The Economics of Legal Relationships". Steven G. Medema, Professor of Economics at the University of Colorado at Denver, is the author of "Ronald H. Coase" and editor of the "Journal of the History of Economic Thought".