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Teaching the Essentials of Law and Economics

ISBN13: 9781788977739
Published: April 2020
Publisher: Edward Elgar Publishing Limited
Country of Publication: UK
Format: Hardback
Price: £80.00
Paperback edition , ISBN13 9781800379497

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Teaching the Essentials of Law and Economics covers the core areas of law and economics, also known as the economic analysis of law, in non-technical terms with guiding notes throughout the text. Replete with cases and illustrations, it may be used both as a lecture guide for instructors, and as a basic text for students.

The author provides an up-to-date and succinct account of the application of economic analysis to legal doctrines, institutions and legal reform. Classic cases taken from Anglo-American common law, with some consideration of civil law, along with more recent material, are used to illustrate the analysis. The book has a non-technical, built-in system designed to guide teaching as well as private study of the material.

Professors and instructors teaching this growing field of inquiry as well as legal scholars interested in the influence of economics on American law, economists analyzing the incentive structure of legal systems and doctrines, public-policy students considering legal reform and judges and legal personnel seeking a succinct treatment of economics of law will be indebted to the author for this guide to Teaching Essentials of Law and Economics.

Law and Economics
1. What is “Law and Economics?”
Law and economics as a distinct subdiscipline with materials to show nature and application of the subject
2. Property rights.
Fragmentation, transfer and efficient use of property rights (article references from Principles, Methodologies and Encyclopedia elements)
3. Conflicts over property rights.
Coase theorem, Calabresi & Melamed’s least-cost principle, and regulation of land use
4. Contracts, information and trade.
Gains from trade; information flows; long-term contracts
5. Breach of contract.
Efficient breach and measures of damages
6. Essential economics of tort law.
Tort law minimizes social cost
7. Crime and punishment.
Crime and criminal justice
The nature of criminal activity