Law's Order What Economics Has to Do with Law and Why It Matters

Name: Law's Order What Economics Has to Do with Law and Why It Matters
Price: 10.2 USD
Availability: InStock
ISBN: 9780691090092

ISBN-10: 0691090092

ISBN-13: 9780691090092

Edition: 2001

Authors: David D. Friedman

List price: $42.00

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Description:

What does economics have to do with law? Suppose legislators propose that armed robbers receive life imprisonment. Editorial pages applaud them for getting tough on crime. Constitutional lawyers raise the issue of cruel and unusual punishment. Legal philosophers ponder questions of justness. An economist, on the other hand, observes that making the punishment for armed robbery the same as that for murder encourages muggers to kill their victims. This is the cut-to-the-chase quality that makes economics not only applicable to the interpretation of law, but beneficial to its crafting. Drawing on numerous commonsense examples, in addition to his extensive knowledge of Chicago-school…

Book details

List price: $42.00
Copyright year: 2001
Publisher: Princeton University Press
Publication date: 7/22/2001
Binding: Paperback
Pages: 344
Size: 6.10" wide x 9.13" long x 0.91" tall
Weight: 1.298
Language: English



Introduction



What Does Economics Have to Do with Law?



Efficiency and All That



What's Wrong with the World, Part 1



What's Wrong with the World, Part 2



Defining and Enforcing Rights: Property, Liability, and Spaghetti



Of Burning Houses and Exploding Coke Bottles



Coin Flips and Car Crashes: Ex Post versus Ex Ante



Games, Bargains, Bluffs, and Other Really Hard Stuff



As Much as Your Life Is Worth


Intermezzo. The American Legal System in Brief



Mine, Thine, and Ours: The Economics of Property Law



Clouds and Barbed Wire: The Economics of Intellectual Property



The Economics of Contract



Marriage, Sex, and Babies



Tort Law



Criminal Law



Antitrust



Other Paths



The Crime/Tort Puzzle



Is the Common Law Efficient?


Epilogue


Index