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.

Most readers are familiar with the concept of a monopoly. A monopolist is the only seller of a good or service for which there are not good substitutes. Economists and policy makers are concerned about monopolies because they lead to higher prices and lower output. The topic of this book is monopsony, the economic condition in which there is one buyer of a good or service. It is a common misunderstanding that if monopolists raise prices, then monopsonists must lower them. It is true that a monopsonist may force sellers to sell to them at lower prices, but this does not mean consumers are better off as a result. This book explains why monopsonists can be harmful and the way law has developed to respond to these harms.

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