Buchanan and Richard Posner – and argue that they respectively represent the exchange and the value paradigm in law and … economics. More precisely, we show that Buchanan sticks to a definition of economics based on the exchange paradigm, and this … leads him to efine law and economics in a rather specific, different, narrower than Posner’s way to define law and economics …

—James Buchanan and Richard Posner—and argue that they, respectively, represent the exchange and the value paradigm in law and … economics. More precisely, we show that Buchanan sticks to a definition of economics based on the exchange paradigm, and this … leads him to define law and economics in a rather specific, different, narrower than Posner’s way to define law and …

of. I argue that Ronald Coase’s conception of law and economics precludes the economic analysis of legal institutions and …, in particular, the beliefs that support them. In doing so, Coase’s conception precludes an Austrian law and economics. In … contrast, Richard Posner’s conception of law and economics makes such analysis the core of its study. In doing so, Posner …

major reworking of the core of neoclassical price theory (Coase: yes; Posner: no). Evidence is provided by examining the …The methodological approaches of Ronald Coase and Richard Posner are compared and contrasted with regard to … basic price theory tools (demand curve, demand/supply model) that Posner uses in Chapter 1 of his treatise <i …

validity of the Coase theorem. Calabresi's conclusions remained ignored by economists and by most of legal scholars until the … the Coase theorem. Calabresi and Coase were then put on the same footing; the works of the former presented as more …In this paper, we show that, in 1961 and before he had read "The Problem of Social Cost", Calabresi reached exactly the …

Calabresi and Coase, two of the founding fathers of the “law and economics” movement are frequently, and paradoxically … Calabresi proposed an “invariance” thesis. We compare it to Coase's results and to Stigler's Coase theorem and show that the … “efficiency” thesis when he established a “Coase axiom”. However, Calabresi, just like Coase and Stigler, but for different …

The purpose of this note is to stress that Posner’s conception of law and of the role of judges in a legal system might …

and economics can only be completely understood by jointly analyzing his economic theory and his legal theory. Moreover it … will be argued that both theories must be reconsidered in light of Hayek’s theory of mind. This theory, in fact, represents … also essential for understanding the emergence of customs and social institutions as described in his legal theory. From …