Book Search:  

 

 
Google full text of our books:

bookjacket

Economics and the Law, Second Edition:
From Posner to Postmodernism and Beyond
Nicholas Mercuro & Steven G. Medema

Paperback | 2006 | $55.00 / £37.95 | ISBN: 9780691125725
400 pp. | 6 x 9 | 49 line illus. 8 tables.
| SHOPPING CART

Reviews | Table of Contents
Chapter 2 [HTML] or [PDF] pdf-icon | Chapter 2 | Introduction [HTML] or [PDF] pdf-icon | Introduction [PDF] pdf-icon | Chapter 7 [HTML] or [PDF] pdf-icon | Chapter 7

This is an expanded second edition of Nicholas Mercuro and Steven Medema's influential book Economics and the Law, whose publication in 1998 marked the most comprehensive overview of the various schools of thought in the burgeoning field of Law and Economics. Each of these competing yet complementary traditions has both redefined the study of law and exposed the key economic implications of the legal environment. The book remains true to the scope and aims of the first edition, but also takes account of the field's evolution.

At the book's core is an expanded discussion of the Chicago school, Public Choice Theory, Institutional Law and Economics, and New Institutional Economics. A new chapter explores the Law and Economics literature on social norms, today an integral part of each of the schools of thought. The chapter on the New Haven and Modern Civic Republican approaches has likewise been expanded. These chapters are complemented by a discussion of the Austrian school of Law and Economics. Each chapter now includes an "At Work" section presenting applications of that particular school of thought.

By providing readers with a concise, noncritical description of the broad contours of each school, this book illuminates the fundamental insights of a field with important implications not only for economics and the law, but also for political science, philosophy, public administration, and sociology.

Review:

"[This book] provides an excellent introduction to the broad contours of Law and Economics. . . . It can be especially recommended to readers interested in short but very informative overviews on different aspects of this discipline."--Hans-Bernd Schäfer, Journal of Institutional and Theoretical Economics

"'You can't tell the players without a scorecard,' or so vendors at a baseball game say, and the Mercuro and Medema book under review provides team scorecards and much more: intellectual histories and outlines of the dominant styles of play by the Chicago school and its New Haven opponents, the public choice school and its civic republican opposition, institutional and neoinstitutional economics, and critical legal studies as a postmodern counterweight to the various economics enterprises."--Paul H. Brietzke, Valparaiso University Law Review

"The authors' primary goal, which they achieve admirably, is to provide a concise review of the major scholarly traditions that use economic analysis of the law. . . . [T]he descriptions of each tradition are clear and painstakingly evenhanded. . . . This brief volume provides a sound understanding of each tradition's virtues and weaknesses."--Constitutional Political Economy

More reviews

Table of Contents:

Preface ix
Chapter 1: The Jurisprudential Niche of Law and Economics 1
    Appendix A: The Theory of Market Failure 60
    Appendix B: Efficiency Concepts in Law and Economics 68
Chapter 2: Chicago Law and Economics 94
Chapter 3: Public Choice Theory 156
Chapter 4: Institutional Law and Economics 208
Chapter 5: The New Institutional Economics 241
Chapter 6: Branching Out: New Haven, Modern Civic Republican, and Austrian Approaches 284
Chapter 7: Social Norms and Law and Economics 306
Bibliography 343
Index 375

This book has been translated into:

  • Chinese (Simplified)

Other Princeton books authored or coauthored by Steven G. Medema:

Subject Areas:

Shopping Cart:

  • For hardcover/paperback orders:

    For hardcover/paperback orders in the United States, Canada, Latin America, Asia, and Australia

    Paperback: $55.00 ISBN: 9780691125725

    For hardcover/paperback orders in Europe, Africa, the Middle East, and India

    Paperback: £37.95 ISBN: 9780691125725

    Prices subject to change without notice

    File created: 4/17/2014

Questions and comments to: webmaster@press.princeton.edu
Princeton University Press

New Book E-mails
New In Print
PUP Blog
Videos/Audios
Princeton APPS
Sample Chapters
Subjects
Series
Catalogs
Textbooks
For Reviewers
Class Use
Rights
Permissions
Ordering
Recent Awards
Princeton Shorts
Freshman Reading
PUP Europe
About Us
Contact Us
Links
F.A.Q.
PUP Home


Bookmark and Share
Send me emails
about new books in:
Economics
Law
More Choices
Email:
Country:
Name: