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Theoretical Foundations of Law and Economics (Paperback)
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Theoretical Foundations of Law and Economics (Paperback)
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The economic approach to law, or law and economics, is by far the
most successful application of basic economic principles to another
scholarly field, but most of the critical appraisal of the field
has been scattered among law reviews and economics journals.
Theoretical Foundations of Law and Economics is the first original,
book-length examination of the methodology and philosophy of law
and economics, featuring new essays written by leading legal
scholars, philosophers, and economists. The contributors take issue
with many of the key tenets of the economic approach to law, such
as its assumption of rational behavior, its reliance on market
analogies, and its adoption of efficiency as the primary goal of
legal decision-making. They discuss the relevance of economics to
the law in general, as well as to substantive areas of the law,
such as contracts, torts, and crime.
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