The last several decades have witnessed the development of diverse approaches to the evolving field of Law and Economics. Each school of thought within Law and Economics has helped both to redefine the study of law and to expose the important economic implications of the legal environment. Here, Nicholas Mercuro and Steven Medema present a valuable, concise overview of the current perspectives and varied traditions that constitute the field. The authors make clear that Law and Economics is not a homogeneous movement by deftly illuminating the several competing and yet complementary traditions, including the Chicago School of Law and Economics, Public Choice Theory, Institutional and Neo-Institutional Law and Economics, the New Haven School, and Modern Civic Republicanism, as well as the challenge to Law and Economics posed by Critical Legal Studies. By providing readers with a noncritical description of the broad contours of each school of thought, Mercuro and Medema convey a strong sense of the important elements of each of these interrelated yet varied traditions.
 The authors define Law and Economics broadly to include the application of economic theory (primarily microeconomics and the basic concepts of welfare economics) to the formation, structure, processes, and economic impact of law and legal institutions. Because the law and the economy interact across a variety of fronts, the fundamental insights of this burgeoning field have important implications, not only for economics and the law, but also for those in contiguous disciplines such as political science, public administration, and sociology.

Economics and the Law

Business & Money

Medema, Steven G.

Mercuro, Nicholas

Economics

Princeton University Press

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.

Economics and the Law: From Posner to Postmodernism and Beyond - Second Edition

Ecology, Law and Economics: The Simple Analytics of Natural Resource and Environmental Economics

Presents a conceptual model that describes the relationship of the economy, the natural system, and the state. Examines the policy role of conventional environmental economics and natural resource economics, and explores the emerging integrative paradigms of sustainable development, industrial ecolo

University Press of America

This volume integrates the essentials of ecology with law and economics. The authors evaluate the conventional remedies of environmental economics in the light of integrated perspective and look to alternative remedies for environmental problems.

The economic analysis of legal and regulatory issues need not be limited to the neoclassical economic approach. The expert contributors to this work employ a variety of heterodox legal-economic theories to address a broad range of legal issues. They demonstrate how these various approaches can lead to very different conclusions concerning the role of the law and legal intervention in a wide array of contexts. The schools of thought and methodologies represented here include institutional economics, new institutional economics, socio-economics, social economics, behavioral economics, game theory, feminist economics, Rawlsian economics, radical economics, Austrian economics, and personalist economics. The legal and regulatory issues examined include anti-trust and competition, corporate governance, the environment and natural resources, land use and property rights, unions and collective bargaining, welfare benefits, work-time regulation and standards, sexual harassment in the workplace, obligations of employers and employees to each other, crime, torts, and even the structure of government. Each contributor brings a different emphasis and provides thoughtful, sometimes provocative analysis and conclusions. Together, these heterodox insights will provide valuable supplementary reading for courses in law and economics as well as public policy and business courses at both the graduate and undergraduate levels.

Law and Economics: Alternative Economic Approaches to Legal and Regulatory Issues

Oppenheimer, Margaret

Routledge

Lopez, Franklin A.

Preston, Kristian P.

Univ Pr of Amer

This volume integrates the essentials of ecology with law and economics. The authors evaluate the conventional remedies of environmental economics in the light of integrated perspective and look to alternative remedies for environmental problems.

Reference

See the best price to sell, buy, or rent books by Mercuro, Nicholas. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Mercuro, Nicholas

See the best price to sell, buy, or rent books by Mercuro, Nicholas. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Economics and the Law

Economics and the Law

Economics and the Law: From Posner to Postmodernism and Beyond - Second Edition

Ecology, Law and Economics: The Simple Analytics of Natural Resource and Environmental Economics

Ecology, Law and Economics: The Simple Analytics of Natural Resource and Environmental Economics

Law and Economics: Alternative Economic Approaches to Legal and Regulatory Issues

Ecology, Law and Economics: The Simple Analytics of Natural Resource and Environmental Economics

Ecology, Law and Economics: The Simple Analytics of Natural Resource and Environmental Economics