Economics and the Law - from Posner to Post-Modernism
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Description: The last several decades have witnessed the development of diverse approaches to the evolving field of Law and Economics. Each school of thought within Law and Economics has helped both to redefine the study of law and to expose the important economic implications of the legal environment. Here, Nicholas Mercuro and Steven Medema present a valuable, concise overview of the current perspectives and varied traditions that constitute the field. The authors make clear that Law and Economics is not a homogeneous movement by deftly illuminating the several competing and yet complementary traditions, including the Chicago School of Law and Economics, Public Choice Theory, Institutional and Neo-Institutional Law and Economics, the New Haven School, and Modern Civic Republicanism, as well as the challenge to Law and Economics posed by Critical Legal Studies. By providing readers with a noncritical description of the broad contours of each school of thought, Mercuro and Medema convey a strong sense of the important elements of each of these interrelated yet varied traditions. The authors define Law and Economics broadly to include the application of economic theory (primarily microeconomics and the basic concepts of welfare economics) to the formation, structure, processes, and economic impact of law and legal institutions. Because the law and the economy interact across a variety of fronts, the fundamental insights of this burgeoning field have important implications, not only for economics and the law, but also for those in contiguous disciplines such as political science, public administration, and sociology.
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All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.
List price: $34.95
Copyright year: 1999
Publisher: Princeton University Press
Publication date: 1/10/1999
Size: 6.25" wide x 9.50" long x 0.75" tall
Steven G. Medema is professor of economics at the University of Colorado Denver. His many books include "Economics and the Law: From Posner to Post-Modernism and Beyond" (Princeton).
|The jurisprudential niche of law and economics|
|Chicago law and economics|
|Public choice theory|
|Institutional law and economics|
|Neoinstitutional law and economics|
|Critical legal studies|
|Continuous development and continuing concerns|