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Economic Foundations of Law (Paperback, 3rd edition)
Loot Price: R2,662
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Economic Foundations of Law (Paperback, 3rd edition)
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The third edition of Economic Foundations of Law introduces readers
to the economic analysis of the major areas of the law: property
law, torts, contracts, criminal law, civil procedure, corporation
law and financial markets, taxation, and labor law. No prior
knowledge of law is required, but a prior course in the principles
of microeconomics would be quite helpful. The text opens with a
review of the basic principles of price theory and an overview of
the legal system, to ensure readers are equipped with the tools
necessary for economic analysis of the law. The third edition
provides expanded or new coverage of key topics including
intellectual property law, how the creation of new forms of
property rights affects the conservation of species such as
elephants and fish, controversies involving liability for medical
malpractice and class actions, the transformation of personal
injury litigation by the intervention of insurance companies as
plaintiffs, how to predict the outcome of litigation with game
theory, an economic analysis of the ownership and use of guns,
bankruptcy law, and the economics of bank regulation. Comprehensive
and well-written, this text is a compelling introduction to law and
economics that is accessible to both economics and law students.
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