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Law's order : what economics has to do with law and why it matters

Author: David D Friedman
Publisher: Princeton, N.J. : Princeton University Press, ©2000.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
Publisher Fact Sheet

Examines the relationship between economics & the law.

Annotation

What does economics have to do with law? Suppose legislators propose that armed robbers receive life imprisonment. Editorial pages applaud them for getting tough on crime. Constitutional lawyers raise the issue of cruel and unusual punishment. Legal philosophers ponder questions of justness. An economist, on the other hand, observes that making the punishment for armed robbery the same as that for murder encourages muggers to kill their victims. This is the cut-to-the-chase quality that makes economics not only applicable to the interpretation of law, but beneficial to its crafting. Drawing on numerous commonsense examples, in addition to his extensive knowledge of Chicago-school economics, David D. Friedman offers a spirited defense of the economic view of law. He clarifies the relationship between law and economics in clear prose that is friendly to students, lawyers, and lay readers without sacrificing the intellectual heft of the ideas presented. Friedman is the ideal spokesman for an approach to law that is controversial not because it overturns the conclusions of traditional legal scholars--it can be used to advocate a surpris.  Read more...

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Details

Genre/Form: Law
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: David D Friedman
ISBN: 0691010161 9780691010168 0691090092 9780691090092
OCLC Number: 42863167
Notes: Includes index.
Description: 329 pages ; 24 cm
Contents: 1. What Does Economics Have to Do with Law? --
2. Efficiency and All That --
3. What's Wrong with the World, Part 1 --
4. What's Wrong with the World, Part 2 --
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. Games, Bargains, Bluffs, and Other Really Hard Stuff --
9. As Much as Your Life Is Worth --
Intermezzo. The American Legal System in Brief --
10. Mine, Thine, 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?
Responsibility: David D. Friedman.
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Abstract:

What does economics have to do with law? Offering a defense of the economic view of law, this book clarifies the relationship between law and economics.  Read more...

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"An interesting and lively introduction to the economic analysis of law... It lays out the principles and values of economic analysis of law, and then proceeds to illustrate and defend that approach Read more...

 
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