The Elgar Companion to Law And Economics

Jurgen G. Backhaus9781845420321, 9781845425500, 1845420322

This thoroughly updated and revised edition of a popular and authoritative reference work introduces the reader to the major concepts and leading contributors in the field of law and economics. The Companion features accessible, informative and provocative entries on all the significant issues, and breaks new ground by bringing together widely dispersed yet theoretically congruent ideas. Following a comprehensive introduction by the editor, the renowned contributors look in detail at several critical areas including: • fundamentals of the law and economics approach • private law and economics • public law and economics • labor law and economics • regulation, taxation and public enterprise • dispute resolution • different sources of the law • economic analysis of a legal problem • classical authors in law and economics.

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Table of contents :
Contents……Page 5
Figures……Page 9
Tables……Page 10
Contributors……Page 11
Introduction……Page 15
PART I BASICS OF THE LAW AND ECONOMICS APPROACH……Page 19
1 Coase theorem and transaction cost economics in the law……Page 21
2 Property rights and their partitioning……Page 54
3 Legal change in economic analysis……Page 67
4 Positive, normative and functional schools in law and economics……Page 72
5 Commons and anticommons……Page 88
PART II PRIVATE LAW AND ECONOMICS……Page 99
6 The economics of tort law……Page 101
7 Family……Page 117
8 Inheritance……Page 133
9 Intellectual property and the markets of ideas……Page 141
10 Incomplete contracts and institutions……Page 159
PART III PUBLIC LAW AND ECONOMICS……Page 177
11 Central Bank……Page 179
12 Constitutional economics I……Page 198
13 Constitutional economics II……Page 237
14 Administrative law and economics……Page 253
15 Property……Page 260
16 The European Union’s institutional design……Page 275
17 Subsidiarity……Page 294
PART IV LABOUR LAW AND ECONOMICS……Page 301
18 Labour contracts……Page 303
19 Company board representation……Page 311
20 Employment security through dismissal protection: market versus policy failures……Page 325
PART V REGULATION, TAXATION AND PUBLIC ENTERPRISE……Page 341
21 Structures of public enterprise……Page 343
22 Environmental law and economics……Page 359
23 Environmental policies choice as an issue of informational efficiency……Page 364
24 Tradable emission rights……Page 378
25 Regulatory taxation……Page 395
PART VI DISPUTE RESOLUTION……Page 405
26 Dispute resolution……Page 407
PART VII DIFFERENT SOURCES OF THE LAW……Page 419
27 Judicial independence……Page 421
28 General norms and customs……Page 438
29 Science as a source of law……Page 447
30 Social science as a source of the law……Page 456
31 Cognitive science……Page 467
32 Connections with law and society research……Page 473
PART VIII TOWARDS AN IDEAL ECONOMIC ANALYSIS OF A LEGAL PROBLEM……Page 477
33 Towards an ideal economic analysis of a legal problem……Page 479
PART IX CLASSICAL AUTHORS IN LAW AND ECONOMICS……Page 487
34 Cesare Beccaria (1738–94)……Page 489
35 Franz Böhm (1895–1977)……Page 503
36 John R. Commons (1862–1945)……Page 513
37 Walter Eucken (1891–1950)……Page 522
38 Otto von Gierke (1841–1921)……Page 533
39 Augusto Graziani (1865–1938)……Page 536
40 Robert Lee Hale (1884–1969) – legal economist……Page 545
41 Friedrich August von Hayek (1899–1992)……Page 559
42 Theodor Herzl (1860–1904)……Page 573
43 Rudolf von Jhering (1818–92) and the economics of justice……Page 582
44 Franz Klein (1854–1926)……Page 590
45 Etienne Laspeyres (1834–1913)……Page 599
46 Friedrich List (1789–1846)……Page 604
47 Achille Loria (1857–1943)……Page 621
48 Karl Marx (1818–83) and Friedrich Engels (1820–95)……Page 632
49 Carl Menger (1840–1921)……Page 641
50 Plato (c. 427–349 BC)……Page 649
51 Wilhelm Roscher (1817–94)……Page 656
52 Emil Sax (1845–1927)……Page 666
53 Gustav von Schmoller (1838–1917)……Page 676
54 Adam Smith (1723–90)……Page 686
55 Werner Sombart (1863–1941)……Page 697
56 Lorenz von Stein (1815–90)……Page 703
57 George Joseph Stigler (1911–92)……Page 714
58 Pietro Trimarchi (1934–)……Page 723
59 Thorstein Veblen (1857–1929)……Page 741
60 Max Weber (1864–1920)……Page 747
61 Christian Wolff (1679–1754)……Page 759
Index……Page 765