{"product_id":"foundations-of-economic-analysis-of-law-9780674011557","title":"Foundations of Economic Analysis of Law","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eProvides an in-depth analysis and synthesis of the economic approach to the building blocks of the US legal system - namely property law, tort law, contract law and criminal law. The book examines the litigation process as well as welfare economics and morality.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eFor the past 30 years, Steven Shavell has been one of the prolific and influential contributors to the economic analysis of law, the foremost intellectual movement in law in the last half century. His new book is a lucid, accessible, authoritative, critical, and comprehensive treatise on the economics of the fundamental doctrines and institutions of the law. It is at once a major contribution to scholarship, a useful reference tool, and a valuable introduction to an approach to law that no serious student of the law can any longer afford to neglect. -- Richard A. Posner, Judge, U.S. Court of Appeals for the Seventh Circuit\u003cbr\u003eShavell's book provides a masterful, non-technical synthesis of the classical topics of law and economics. It is comprehensive, clear and readable. The book will be a great source both for neophytes who want to learn about this important area, and for experts who want to make sure that they are up-to-date on the latest developments. -- Oliver Hart, Department of Economics, Harvard University\u003cbr\u003eLaw and Economics is one of the great intellectual triumphs of social science. Shavell's book offers a compelling account of the accomplishments and challenges of the field at the beginning of the 21st century. -- Andrei Shleifer, Department of Economics, Harvard University\u003cbr\u003eSince the 1970s, Steven Shavell has written one path-breaking article after another. Not only has he collected the insights from this large body of work under one roof here, he has added to it both by integrating it into a coherent whole, and by filling in numerous gaps in the literature. For someone interested in getting to the cutting edge of law-and-economics scholarship as quickly as possible, this book is a \"must read.\" It clearly will become the authoritative treatise on the economic analysis of law. -- A. Mitchell Polinsky, Stanford Law School\u003cbr\u003eThis book proposes an overview of the fields in the economics of law to which the author has contributed. It also covers in detail other fields and many contributions to the literature. The emphasis is on theory, but some empirical facts are mentioned...I very much enjoyed reading the book. It covers with great competence the relevant topics of positive and normative analyses of law. The book reflects the strong academic competence of the author. I recommend the book to academics and professionals. I also recommend its use for teaching the economics of law in law schools, economics departments, and business schools. -- Dionne Georges * Journal of Risk and Insurance *\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface    1. Introduction    Part I. Property Law   2. Definition, Justification, and Emergence of Property Rights   3. Division of Property Rights   4. Acquisition and Transfer of Property   5. Conflict and Cooperation in the Use of Property: The Problem of Externalities   6. Public Property   7. Property Rights in Information    Part II. Accident Law   8. Liability and Deterrence: Basic Theory   9. Liability and Deterrence: Firms   10. Extensions of the Analysis of Deterrence   11. Liability, Risk-Bearing, and Insurance   12. Liability and Administrative Costs    Part III. Contract Law   13. Overview of Contracts   14. Contract Formation   15. Production Contracts   16. Other Types of Contract    Part IV. Litigation and the Legal Process   17. Basic Theory of Litigation   18. Extensions of the Basic Theory   19. General Topics on the Legal Process    Part V. Public Law Enforcement and Criminal Law   20. Deterrence with Monetary Sanctions   21. Deterrence with Nonmonetary Sanctions   22. Extensions of the Theory of Deterrence   23. Incapacitation, Rehabilitation, and Retribution   24. Criminal Law    Part VI. General Structure of the Law   25. The General Structure of the Law and Its Optimality    Part VII. Welfare Economics, Morality, and the Law   26. Welfare Economics and Morality   27. Implications for the Analysis of Law   28. Income Distributional Equity and the Law    29. Concluding Observations    References   Author Index   Subject Index","brand":"Harvard University Press","offers":[{"title":"Default Title","offer_id":49403517501783,"sku":"9780674011557","price":77.31,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780674011557.jpg?v=1730483706","url":"https:\/\/bookcurl.com\/products\/foundations-of-economic-analysis-of-law-9780674011557","provider":"Book Curl","version":"1.0","type":"link"}