Economic Analysis of Law

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Economic Analysis of Law is a foundational legal theory book by Richard Posner that applies microeconomic principles to understand and evaluate legal rules and institutions.

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Label Occurrences
Economic Analysis of Law canonical 3

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Statements (47)

Predicate Object
instanceOf book
law and economics literature
legal theory book
aimsTo evaluate legal institutions in terms of efficiency
explain legal rules using economic reasoning
predict effects of legal rules on behavior
appliesConcept Coase theorem
Hicks–Kaldor compensation criterion
surface form: Kaldor–Hicks efficiency

cost–benefit analysis
efficiency
incentives
rational choice theory
transaction costs
wealth maximization
author Judge Richard Posner
surface form: Richard A. Posner

Judge Richard Posner
surface form: Richard Posner
countryOfOrigin United States of America
surface form: United States
describedAs foundational text in law and economics
influential legal theory work
field economic theory
legal studies
hasEdition first edition
subsequent revised editions
influencedField judicial reasoning about efficiency
law and economics scholarship
language English
mainSubject antitrust law
common law
contract law
criminal law
economic analysis of legal rules
efficiency in law
family law
law and economics
legal theory
microeconomics
procedure
property law
public law
tort law
notableFor emphasis on efficiency as a normative criterion
interdisciplinary approach combining law and economics
systematic application of microeconomics to law
theoreticalFramework microeconomic analysis
neoclassical economics
usedAs law school textbook
reference work for legal scholars

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Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Judge Richard Posner notableWork Economic Analysis of Law
subject surface form: Richard Posner
law and economics movement influencedByWork Economic Analysis of Law
Overcoming Law relatedWork Economic Analysis of Law