A01=Nicholas Mercuro
A01=Steven G. Medema
Attempt
Author_Nicholas Mercuro
Author_Steven G. Medema
Calculation
Category=LAQ
Category=WZ
Chicago school of economics
Commodity
Common-pool resource
Compensation principle
Consideration
Consumer
Contract
Contract curve
Cost–benefit analysis
Decision-making
Economic interventionism
Economic Life
Economics
Economist
Economy
eq_isMigrated=1
eq_nobargain
Expense
Externality
Factors of production
German Historical School
Governance
Income
Institution
Institutional economics
Judiciary
Law and economics
Law school
Lawrence M. Friedman
Legislation
Market (economics)
Market economy
Market failure
Market price
Market sector
Methodological individualism
Microeconomics
Neoclassical economics
New institutional economics
Norm (social)
Pareto efficiency
Payment
Policy
Politics
Pollution
Pricing
Profit maximization
Property law
Property rights (economics)
Provision (accounting)
Public choice
Public policy
Rational choice theory
Regulation
Republicanism
Requirement
Resource allocation
Result
Richard Posner
Scarcity
School of thought
Social cost
Statute
Supply (economics)
Tax
Transaction cost
Underpinning
Wealth
Welfare
Welfare economics
Product details
- ISBN 9780691125725
- Weight: 595g
- Dimensions: 152 x 235mm
- Publication Date: 20 Aug 2006
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Paperback
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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.
Nicholas Mercuro is Professor of Law in Residence at Michigan State University College of Law and a faculty member of James Madison College. He has authored or edited seven books and is the founder and coeditor of the book series "The Economics of Legal Relationships". Steven G. Medema, Professor of Economics at the University of Colorado at Denver, is the author of "Ronald H. Coase" and editor of the "Journal of the History of Economic Thought".
