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Law and Economics: Pearson New International Edition

Law and Economics: Pearson New International Edition

6th Edition

Robert Cooter, Thomas Ulen

Aug 2013, Paperback, 544 pages
ISBN13: 9781292021843
ISBN10: 1292021845
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Law and economics has become a central course in U.S. legal education and for students majoring in topics like economics, political science, and philosophy. Cooter and Ulen provide a clear introduction to economic analysis and its application to legal rules and institutions that is accessible to any student who has taken principles of microeconomics.

The book’s structure is flexible, beginning with an introductory overview of economic tools followed by paired chapters in five core areas of law: property, contracts, torts, legal process, and crime. Students leave the course understanding how microeconomic theory can be used to critically evaluate law and public policy.

Chapter 1: An Introduction to Law and Economics
Chapter 2: A Brief Review of Microeconomic Theory
Chapter 3: An Economic Theory of Property
Chapter 4: Topics in the Economics of Property Law
Chapter 5: An Economic Theory of Tort Law
Chapter 6: Topics in the Economics of Tort Liability
Chapter 7: An Economic Theory of Contract Law
Chapter 8: Topics in the Economics of Contract Law
Chapter 9: An Economic Theory of the Legal Process
Chapter 10: Topics in the Economics of the Legal Process
Chapter 11: An Economic Theory of Crime and Punishment
Chapter 12: Topics in the Economics of Crime and Punishment

  • As the best-selling text in the market, the level and structure are accessible for most undergraduate courses. Two introductory chapters help orient students who have not taken microeconomics recently.
    • Chapter 2 offers a brief review of microeconomics theory.
    • Chapter 3 is an introduction to the law and the legal process for those who have had no formal legal training.
  • Five key areas of the law are covered: property, contracts, torts, legal process, and crime.
  • The unique paired-chapter organization lends flexibility to professors. Each pair of chapters has one chapter that introduces an economic model and one chapter that applies the model to a specific area of law.
    • Chapters 4 and 5 focus onproperty law, including material on intellectual property and organizations-as-property.
    • Chapters 6 and 7 discuss contracts, covering incentives and the agency problem.
    • Chapters 8 and 9 on torts incorporate material on damages for incompensable losses.
    • Chapters 11 and 12 discuss crime and punishment with topics such as overcoming weakness of will and coordinating powers of criminal law.
  • Coverage of recent developments is expanded, including that of law and social norms, efficiency vs. equity, private disputes vs. tax-and-transfer, and behavioral law and economics.
  • Empirical literature and data expose students to the latest research in the field.
  • A clear writing style and extensive collection of applications, both in the text and on the Companion Website, allow for flexibility in level and teaching styles.
  • Web Notes in each chapter closely link the text with relevant content on the Companion Website.
  • Questions are distributed throughout each chapter, testing students’ understanding as they move through the material.
  • Boxes provide real-world situations that illustrate key topics and connect students’ learning to everyday life.