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Ecomic Foundations of Law (2nd ed.) provides an ecomic analysis of the major areas of the law: property law, torts, contracts, criminal law, civil procedure, corporation law and financial markets, taxation and labor law. In line with current trends in legal scholarship, discussion is focused on ecomic principles such as risk aversion, efficiency, opportunity cost, moral hazard, rent-seeking behaviour and ecomies of scale. Accessible, comprehensive and well written, this book uses extensive practical examples and explanations to illustrate key points. There are numerous applications to lawyers and the legal profession, with detailed discussions of subjects as diverse as the proposed market for transplantable human organs, the market for adoptions, the market for bail bonds, the unanticipated effects of Megan's law, and issues of racial profiling. Fully updated and revised, a new chapter on labor law has also been included.
Stephen Spurr is Professor of Economics at Wayne State University, Detroit, USA.
Taylor & Francis Ltd
Date of Publication
Law: General & Reference
Place of Publication
Country of Publication
47 black & white illustrations, 17 black & white tables, 47 black & white line drawings