The law and economics movement came of age in the second half of
the 20th century and had a profound effect on both the scholarship
and practice of law. The specially commissioned essays in this book
honor the pioneering contributions of those who created the
foundation of the modern law and economics enterprise. The editors
of the volume embrace a view of the field that is inclusive not
only of a broad range of issues, but also of economic methods.
Celebrated here as the founding pioneers of law and economics is a
remarkably varied collection of scholars: applied and theoretical
micro-economists, founders of public choice economics, and legal
scholars and judges. They include: Ronald Coase, Aaron Director,
George Stigler, Armen Alchian, Harold Demsetz, Benjamin Klein,
James Buchanan, Gordon Tullock, Henry Manne, Richard Posner, Gary
Becker, William Landes, Richard Epstein, Guido Calabresi, Frank
Easterbrook, Daniel Fischel, Steven Shavell and A. Mitchell
Polinsky. Contributors to the volume include other pioneers, former
students and clerks, colleagues, and influential scholars in the
field. Scholars and students working in the tradition of law and
economics, as well as those in the fields of economics, law and
public policy will find the book an essential reference for this
important area of scholarship.
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