(Source: Routledge)
Routledge is publishing a new
intellectual history of law and economics.
ABOUT THE BOOK
This is a history - though,
intentionally, a brief history - of the rise of law and economics as a field of
thought in the US college and law school academy, though the field has expanded
to Europe and South America and will expand further as other legal systems
develop.
This book explains the origins of
the field and the sources of its growth during its formative period. It
describes the intellectual roots of the field, and the field’s relationship to
the understanding of the role of the legal system in directing the functioning
of the economy. It describes the effect of the Great Depression and the
expansion of governmental power on advancing the functional approach. The book
then addresses the work of Aaron Director, during the late 1950s, on focusing
economic analysis as a means of understanding the effects of the legal and
regulatory system on the allocation of resources in the society. Then it turns
to the subsequent intellectual founders of the field—Ronald Coase, Guido
Calabresi and Richard Posner—and attempts to explain the significance of their
work. It also discusses the efforts of Robert Bork and Henry Manne toward the
influence of law and economics on public policy. The book ends with the
founding of the American Law & Economics Association in 1991.
This is an essential companion of
law and economics texts for undergraduate law and economic students and,
especially, as a general supplement to first year casebooks for law school
students.
ABOUT THE AUTHOR
George L. Priest is
the Edward J. Phelps Professor of Law and Economics at Yale Law School.
TABLE OF CONTENTS
1. Introduction 2. The Early
Development of the Functional Approach to Law 3. The Problems of the Depression
and the Broader Acceptance of the Functional Approach to Law 4. The Birth of
Modern Law and Economics as a Discipline 5. The Revolutionary Expansion of Law
and Economics: Ronald H. Coase 6. Calabresi and the Economic Framework of The
Costs of Accidents 7. Law and Economics Made Dominant: Richard A. Posner and
Economic Analysis of Law 8. Coase, Calabresi, and Posner Compared 9. The
Influence of Law and Economics on Regulation and Antitrust Law 10. Henry Manne
and the Popular Expansion of Law and Economics 11. Epilogue: The John M. Olin
Foundation and the Founding of the American Law & Economics Association
More information here
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