The Second Wave of Law and Economics

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Megan Richardson, Gillian Kereldena Hadfield
Federation Press, 1999 - Law and economics - 144 pages
How best can the analyses and insights of economics inform legal theory and "improve" legal decision-making? The contribution of the first wave of law and economics scholars was marked by dogmatic adherence to the free market ideals of the Chicago school. Today, the second wave places greater emphasis on empirical data and accepts a much wider range of non-economic values - an approach which offers promise of an objective and balanced reception of law and economics by the courts. This book demonstrates the richness and value of the second wave. The contributors include judges from the High Court of Australia and the Court of Appeal, New Zealand and academics from the Universities of Toronto, Melbourne and Cambridge.
 

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Contents

The Second Wave in Context
2
The Value and Limits of Law and Economics
12
Law Versus Economics? Reflections on the Normative
30
Learning to Surf
50
Game Theory and Remedies for Breach of a Government Tender
68
Perspectives on Joint and Several Tortfeasors and Liability
86
Efficiency and Justice
100
Is There Hope?
114
Law Economics and Judicial DecisionMaking
129
Index
143
Copyright

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About the author (1999)

Megan Richardson is a Professor of Law at the Melbourne Law School, University of Melbourne, where she is also Joint Director of the Centre for Media and Communications Law and Associate Director-Law of the Intellectual Property Research Institute of Australia.

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