The use of economics to study law was pioneered by the Austrian School of Economics. The nineteenth century founders of … the school believed that economics could contribute to understanding the spontaneous development of common law as well as …]), Freedom and the Law, 3rd edition, Indianapolis, IN: Liberty Fund. -- Menger, Carl (1981 [1950]), Principles of Economics …

Is the common law efficient? Neoclassical economists debate whether our inherited systems of judge-made law maximize … arguments about efficiency in the common law. After presenting Hayek's views on the common law as a spontaneous order it … concludes that the common law can indeed be viewed as a spontaneous order only when judges provide their services in a free and …

pt. 1. From old to new law and economics -- pt. 2. Towards an economic analysis of law -- pt. 3. The economics of the … emergence and establishment of norms and customs -- pt. 4. The economics of legal systems -- pt. 5. The economics of judicial … decision making -- pt. 6. Efficiency of the common law : myth or reality. …