Features
- Cover Type: Paperback with 398 pages
- Published by: Princeton University Press
- Edition: 2nd Edition July 31, 2006
- Written in: English
- ISBN 10 Number: 0691125724
- ISBN 13 Number: 978-0691125725
-
Book Dimensions:
9.1 x 6.1 x 1 inches
- Weighs: 1.3 pounds
Product 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. --
Review
--This text refers to an out of print or unavailable edition of this title.
Product Review
[This book] provides an great 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 Schafer 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 )
It is arguable that over the past twenty years, roughly the years of the Volker and Greenspan Federal Reserve Boards, the branch of study that goes by the name Law and Economics has had more influence on public economic policy than any other academic discourse. . . . In the face of such a shift in thinking about public policy, it is important to have a fair-minded primer that clearly explains the various aspects of thinking about law and economics in the policy arena today. This book attempts to provide just such a primer. It is notable for the clarity and fairness of its exposition of what are controversial debates about the proper direction for economic policy.
(
John Henry Schiegel Southern Economic Journal )
Reader Reviews
This review is from: Economics and the Law (Paperback)
Houman Shadab's review is right on the money -- including what's left _out_ of this otherwise excellent introductory work. Since I like Hayek, Barnett, and Rothbard, I find the omission disappointing -- but c'est la vie. Anyway, if you're looking for a solid overview of the various schools of thought involving the relations between law and economics, this volume is a great place to start. (_Complete_ newcomers might also want to pick up Dennis Patterson's _Companion to Philosophy of Law and Legal Theory_, which includes a fine essay on "Law and Economics.") One tremendous merit of the present volume is that it doesn't limit itself to the "Chicago school." The U of Chi crowd gets a single chapter, and the rest of the book is devoted to the other schools of thought Mr. Shadab has helpfully listed below. The resulting volume is therefore pretty comprehensive (with the exceptions already noted). Readers interested in this topic may want to read Thomas Miceli's _Economics of the Law_ next. I don't personally favor the mathematical-models approach (for the usual Misesian/Rothbardian reasons) -- but Miceli's volume is a fine introduction to that approach and will afford the reader the opportunity to judge it on its merits.
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