Description
Book SynopsisThe law and economics movement came of age in the second half of the 20th century and had a profound effect on both the scholarship and practice of law. The specially commissioned essays in this book honor the pioneering contributions of those who created the foundation of the modern law and economics enterprise.
The editors of the volume embrace a view of the field that is inclusive not only of a broad range of issues, but also of economic methods. Celebrated here as the founding pioneers of law and economics is a remarkably varied collection of scholars: applied and theoretical micro-economists, founders of public choice economics, and legal scholars and judges. They include: Ronald Coase, Aaron Director, George Stigler, Armen Alchian, Harold Demsetz, Benjamin Klein, James Buchanan, Gordon Tullock, Henry Manne, Richard Posner, Gary Becker, William Landes, Richard Epstein, Guido Calabresi, Frank Easterbrook, Daniel Fischel, Steven Shavell and A. Mitchell Polinsky. Contributors to the volume include other pioneers, former students and clerks, colleagues, and influential scholars in the field.
Scholars and students working in the tradition of law and economics, as well as those in the fields of economics, law and public policy will find the book an essential reference for this important area of scholarship.
Trade Review'. . . pure gems in each and every essay. . . Reading this book provides an intellectual framework for the history of thought in the field that until now it had sorely lacked.' -- Zagros Madjd-Sadjadi, American Review of Political Economy
Table of ContentsContents: Introduction 1. Ronald H. Coase Thomas W. Hazlett 2. Aaron Director Remembered Stephen M. Stigler 3. Aaron Director’s Influence on Antitrust Policy Sam Peltzman 4. George J. Stigler and his Contributions to Law and Economics Harold Demsetz 5. The Enduring Contributions of Armen Alchian Susan Woodward 6. Harold Demsetz Mark F. Grady 7. Benjamin Klein’s Contributions to Law and Economics Joshua D. Wright 8. Buchanan and Tullock on Law and Economics Robert D. Tollison 9. Henry Manne: Intellectual Entrepreneur Larry E. Ribstein 10. Gary Becker’s Contributions to Law and Economics John F. Pfaff 11. Pioneers of Law and Economics: William M. Landes and Richard A. Posner Thomas S. Ulen 12. Putting Law First: Richard Epstein’s Contribution to Law and Economics Andrew P. Morriss 13. Calabresi’s Influence of Law and Economics Keith N. Hylton 14. Easterbrook and Fischel Katherine V. Litvak 15. The Path Breaking Contributions of A. Mitchell Polinsky and Steven Shavell to Law and Economics Nuno Garoupa and Fernando Gómez-Pomar Index
