The Second Wave of Law and Economics
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.
What people are saying - Write a review
We haven't found any reviews in the usual places.
The Value and Limits of Law and Economics
Law Versus Economics? Reflections on the Normative
Learning to Surf
Game Theory and Remedies for Breach of a Government Tender
Perspectives on Joint and Several Tortfeasors and Liability
Other editions - View all
adopted allocation Amann analysis of law approach argue argument assessment Australia breach Calabresi Chicago school Coase theorem common law Commonwealth compensation context Cooter corrective justice critique damages Deakin decision default economic analysis economic theory economics scholars economists efficiency efficient breach empirical game theory Hadfield Hayek's High Court implications incentives individual instance involved issues joint Journal of Legal judges judicial Kaldor-Hicks efficiency land law and economics Law Journal laws and customs legal rules Legal Studies legislation limited loss Mabo Mason CJ maximise native title negligence normative NZLR Pareto Pareto criterion Pareto efficiency particular parties perspectives plaintiffs positive Posner private law problem promisee promisor proportionate liability question rational actor model reasoning remedy restriction on alienation Richard Posner Richardson risk second wave social specific performance spontaneous order strategic behaviour strict liability tortfeasors traditional transaction costs Trebilcock Ulen University Law Review University Press wave of law Zealand