This comprehensive and established book first published in german explains the new approach of law and economics to civil law written by two of europes leading scholars in the field it provides a thorough yet accessible economic analysis of tort law contract law and property law with particular emphasis placed on legal cases and doctrines from civil law. Economic analysis of law and his establishment of the journal of legal studies as this survey will indicate research in economic analysis of law has been active since the 1970s and is accelerating 1 the field however is far from mature one indication is the lack of empirical work on most topics. The economic analysis of civil law hans bernd schafer claus ott matthew braham on amazoncom free shipping on qualifying offers this comprehensive and established book first published in german explains the new approach of law and economics to civil law written by two of europe s leading scholars in the field. Law and economics or economic analysis of law is the application of economic theory specifically microeconomic theory to the analysis of law that began mostly with scholars from the chicago school of economicseconomic concepts are used to explain the effects of laws to assess which legal rules are economically efficient and to predict which legal rules will be promulgated. Economic analysis of law applies the tools of microeconomic theory to the analysis of legal rules and institutions ronald coase 1960 and guido calabresi 1961 are generally identified as the seminal articles but commons 1924 and hale 1952 among others had brought economic thinking to the study of law in the 1910s and 1920s
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