Encyclopedia of Law and Economics

2019 Edition
| Editors: Alain Marciano, Giovanni Battista Ramello

Law and Economics

  • Pablo Salvador CoderchEmail author
  • Antoni Terra IbáñezEmail author
Reference work entry
DOI: https://doi.org/10.1007/978-1-4614-7753-2_284

Synonyms

Definition

Law and Economics is economics applied to the analysis of statutory law systems or subsystems or to legal policy proposals.

Historical Remarks

To talk about Law and Economics or, equally, of the Economic Analysis of Law is to refer to the application of economic science tools to national and international systems of statutory law, as well as to legal policy proposals.

Positive analysis is to be distinguished from normative analysis. Within the framework of positive analysis, economic science is employed within a system of statutory law to explain and predict the consequences of the application of one or more sets of judicial system rules in questions concerning human conduct. It consists, therefore, in elucidating the manner in which people react to the enactment, enforcement, abolition, or reformation of such rules of law. In this sense, the Economic Analysis of Law is a system of theories regarding human behavior. The key question...

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References

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Further Reading

  1. Calabresi G (1970) The costs of accidents: a legal and economic analysis. Yale University Press, New HavenGoogle Scholar
  2. Cooter R, Ulen T (2011) Law and economics, 6th edn. Addison Wesley Longman, New YorkGoogle Scholar
  3. Harrington J, Vernon J, Viscusi W (2005) Economics of regulation and antitrust, 4th edn. MIT Press, Cambridge, MAGoogle Scholar
  4. Jolls C, Sunstein C, Thaler R (1998) A behavioral approach to law and economics. Stanford Law Rev 50:1471–1550CrossRefGoogle Scholar
  5. Kaplow L (1986) An economic analysis of legal transitions. Harv Law Rev 99:509–617CrossRefGoogle Scholar
  6. Kornhauser L (2011) The economic analysis of law. In: Zalta E (Ed) (2014) The stanford encyclopedia of philosophy. http://plato.stanford.edu/archives/spr2014/entries/legal-econanalysis
  7. Miceli T (2008) The economic approach to law, 2nd edn. Stanford University Press, StanfordGoogle Scholar
  8. Parisi F, Fon V (2009) The economics of lawmaking. Oxford University Press, OxfordCrossRefGoogle Scholar
  9. Polinsky M (2011) An introduction to law and economics, 4th edn. Aspen, New YorkGoogle Scholar
  10. Posner R (2014) Economic analysis of law, 9th edn. Aspen, New YorkGoogle Scholar
  11. Schäfer H-B, Ott C (1986) Lehrbuch der ökonomischen Analyse des Zivilrechts. Springer, Berlin/New York. English edition: Schäfer H-B, Ott C (2005) The economic analysis of civil law. Edward Elgar, CheltenhamGoogle Scholar
  12. Shavell S (2004) Foundations of economic analysis of law. Harvard University Press, Cambridge, MAGoogle Scholar
  13. Smelser N, Baltes P (eds) (2001) The international encyclopedia of the social & behavioral sciences. Elsevier, AmsterdamGoogle Scholar

Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.Universitat Pompeu FabraBarcelonaSpain
  2. 2.Stanford Law SchoolStanfordUSA