Law's Order: What Economics Has to Do with Law and Why It Matters

Law's Order: What Economics Has to Do with Law and Why It Matters

by David D. Friedman
     
 

ISBN-10: 0691010161

ISBN-13: 9780691010168

Pub. Date: 04/17/2000

Publisher: Princeton University Press

"David Friedman, a first-rate economist with a good deal of experience in applying economics to the law, has written a lucid, imaginative, entertaining, opinionated, and, on balance, a very fine introduction to the application of economics to law. The book is wide-ranging in scope, at once simple and highly sophisticated, consistently provocative, an excellent read,…  See more details below

Overview

"David Friedman, a first-rate economist with a good deal of experience in applying economics to the law, has written a lucid, imaginative, entertaining, opinionated, and, on balance, a very fine introduction to the application of economics to law. The book is wide-ranging in scope, at once simple and highly sophisticated, consistently provocative, an excellent read, and a notable contribution to an exciting field of interdisciplinary studies." (Richard A. Posner, Chief Judge, United States Court of Appeals For the Seventh Circuit)"David Friedman explains in clear and accessible language what basic economic theory adds to the understanding of law, and how simple concepts of rationality, value, and transaction costs can go a long way to bring out the hidden unity among various diverse branches of law. Whether one speaks of the complexities of marginal deterrence, the resolution of disputes between farmers and railroads, or the social functions of copyright and patent law, Friedman's book provides the outsider to the field with a comprehensive but accessible account of his legal subject matter." (Richard A. Epstein, University of Chicago)

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Product Details

ISBN-13:
9780691010168
Publisher:
Princeton University Press
Publication date:
04/17/2000
Pages:
344
Product dimensions:
6.41(w) x 9.50(h) x 1.06(d)

Table of Contents

Introduction

1. What Does Economics Have to Do with Law?

2. Efficiency and All that

3. What's Wrong with the World, Part

4. What's Wrong with the World, Part

5. Defining and Enforcing Rights: Property, Liability, and Spaghetti

6. Of Burning Houses and Exploding Coke Bottles

7. Coin Flips and Car Crashes: Ex Post versus Ex Ante

8. Gaines, Bargains, Bluffs, and Other Really Hard Stuff

9. As Much as Your Life Is Worth

Intermezzo. The American Legal System in Brief

10. Mine, Throe, and Ours: The Economics of Property Law

11. Clouds and Barbed Wire: The Economics of Intellectual Property

12. The Economics of Contract

13. Marriage, Sex, and Babies

14. Tort Law

15. Criminal Law

16. Antitrust

17. Other Paths

18. The Crime/Tort Puzzle

19. Is the Common Law Efficient?

Epilogue

Index

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