This guide provides expert coverage of the classic issues, including basic price theory; definitions of efficiency; the Coase Theorem; and the economics of contract law, tort law, criminal law, regulation, antitrust, and intellectual property. The text also discusses less conventional topics such as public choice, what it means to be a rational maximizer of self-interest, the assumptions underlying economic analysis as applied to law, limitations on the application of economic theory to law, the theory of second best, the prisoner's dilemma, the economics of marriage, the economics of inheritance, evolutionary theories of law, the economics of settlement, and the implications of recent research into happiness.

This collection of essays by scholars of diverse backgrounds explores the notion of repentance in our culture, focusing on individuals who have been excluded from society as a result of violating its laws. What must these individuals do to gain redemption and be readmitted? Amitai Etzioni argues that the lack of a well-grounded concept of civic repentance has significant negative social consequences for our society. Denying people the opportunity to regain their social standing and membership in their communities is simply unfair, and the absence of such opportunities for restoration through repentance exacts heavy social costs. The essays in this collection address these issues from a variety of perspectives and discuss possible ways of filling this void, including restorative justice, physician rehabilitation programs, and religious reconciliation rituals.

This appealing text for the Law and Economics course features: An engaging approach that stresses student comprehension Numerous cases based on court decisions Extensive coverage of important and timely topics such as the Coase theorem, intellectual property, and behavioral economics Law and Economics in Action boxes that heighten student interest Short chapters to allow maximum flexibility for the instructor