Economic analysis of law is an important field of study for the courts. This is because court decisions affect the use of society's limited resources. Therefore, the economic efficiency of a particular course must be taken into account. However, without adequate data there is a risk that...

This address was written by Sir Ivor Richardson as Patron of the Law and Economics Association of New Zealand. It discusses the place for economic analysis in Court decisions. Such analysis will be useful where the application of legal principles is not settled or the interpretation of a statute...

Acknowledging the growing interest in law and economics in New Zealand, the Forward to the first issue of the 1996 Review highlights the role of economics in informing public policy assessments and developments in New Zealand

The so-called Chicago School of law and economics, which emerged in the late 1970s, was regarded by many lawyers with considerable suspicion. Much of this suspicion was due to the artificial and unrealistic nature of the assumptions about human motivation that underpinned that School’s...