Law and Economics 6th Edition PDF Download Ebook. Robert D. Cooter and Thomas Ulen provide a clear introduction to economic analysis and its application to legal rules and institutions. 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.
Authors 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.
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 on property 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.
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