Law and Economics

<p>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.</p><p>Key features of the reader include:</p><p>- The accessibility of the material: the articles should be understandable to those with only a limited background in economics and law.</p><p>- The book’s focus on the most important and basic – foundational – issues in law and economics. </p><p>- An exposition of the opposition between the different legal systems that exist in the world including common law, civil law and public law.</p><p>- 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.</p><p>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.</p> <p>Introduction <em>Alain Marciano</em><strong> Part 1: From Old to New Law and Economics</strong> 1. Economics and Contiguous Discipline <em>Ronald Coase </em>2. Wandering the Road From Pluralism to Posner: The Transformation of Law and Economics <em>Steve Medema </em><strong>Part 2: Towards an Economic Analysis of Law </strong>3. The Law and Economics Movement <em>Richard A. Posner </em>4. The Art of Law and Economics: An Autobiographical Essay <em>William M. Landes </em>5. Behavioral Law and Economics <em>Christine Jolls </em><strong>Part 3: The Economics of the Emergence and Establishment of Norms and Customs </strong>6. The Market for Social Norms <em>Robert C. Ellickson </em>7. The Economics of Conventions <em>H. Peyton Young </em>8. The Evolution of Economic Institutions as a Propagation Process <em>Ulrich Witt </em><strong>Part 4: The Economics of Legal Systems </strong>9. Private Creation and Enforcement of Law: A Historical Case <em>David Friedman </em>10. Bruno Leoni in Retrospect <em>Peter A. Aranson </em>11. Crafting social rules: Common Law vs. Statute law, Once Again <em>Richard E. Wagner </em>12. The German Civil Code of 1896: An Economic Interpretation <em>Juergen Backhaus </em><strong>Part 5: The Economics of Judicial Decision Making </strong>13. Reputation and Judicial Decision-Making <em>Thomas J. Miceli </em>and<em> Metin M. Cosgel</em> 14. Evolution of the Common Law and the Emergence of Compromise <em>Douglas G.Whitman</em> 15. An Economic Analysis of the Use of Citations in the Law <em>Richard A. Posner </em><strong>Part 6 - Efficiency of the Common Law: Myth or Reality </strong>16. The Rise and Fall of Efficiency in the Common Law: A Supply-Side Analysis <em>Todd J. Zywicki </em>17. Economic Efficiency and the Common Law<em> Thomas J. Webster </em>18. Micro and Macro Legal Efficiency: Supply and Demand <em>Paul H. Rubin</em> Postface by Richard A. Posner</p>