A Review of Steven Shavell's Foundations of Economic Analysis of Law
Journal of Economic Literature
vol. 44,
no. 2, June 2006
(pp. 405-414)
Abstract
Steven Shavell's Foundations of Economic Analysis of Law (Harvard University Press, 2004) is a major theoretical contribution to "law and economics," the applied field of economics that studies the economic properties and consequences of legal doctrines and institutions. It is a field of immense practical importance, but unfamiliar to many economists--a situation that Shavell's book bids fair to rectify. This review essay situates Shavell's book in the history of economic scholarship about law and uses the book as a springboard for speculation about new directions in that scholarship.Citation
Posner, Richard, A. 2006. "A Review of Steven Shavell's Foundations of Economic Analysis of Law." Journal of Economic Literature, 44 (2): 405-414. DOI: 10.1257/jel.44.2.405JEL Classification
- K00 Law and Economics: General