Economics and the Law from Posner to Post-Modernism.

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    • Subject Terms:
      LAW & economics; ECONOMICS
    • Abstract:
      This overview presents the core elements of the different perspectives on the varied traditions within law and economics. One perspective considers what economics has to offer the law. This includes the microeconomic analytic framework based on self-interest to predict and evaluate the actions of consumers and firms (in traditional microeconomic analysis), voters and their elected representatives (in public choice theory), common law and settlements, torts and injury law (the Chicago school of law and economics), and contract law (in neoinstitutional transaction cost and agency issues). (JEL K00) [ABSTRACT FROM AUTHOR]
    • Abstract:
      Copyright of Atlantic Economic Journal is the property of Springer Nature and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)