Law and economics has arguably become one of the most influential theories in contemporary legal theory and adjudication. The essays in this volume, authored by both legal scholars and economists, constitute lively and critical engagements between law and economics and new institutional...

Law and economics has arguably become one of the most influential theories in contemporary legal theory and adjudication. The essays in this volume, authored by both legal scholars and economists, constitute lively and critical engagements between law and economics and new institutional...

While the globalization of commerce brings up new challenges to legal theory, most legal scholars persist in having abstract discussions about antiquated positivistic and pluralistic concepts of law. In the meantime, scholars from other social sciences, such as economics, political science or...