The Future of Law and Economics: Essays in Reform and Recollection
Guido Calabresi
Abstract
In a concise, compelling argument, one of the founders and most influential advocates of the law and economics movement divides the subject into two separate areas, which are identified with Jeremy Bentham and John Stuart Mill. The first, Benthamite, strain, “economic analysis of law,” examines the legal system in the light of economic theory and shows how economics might render law more effective. The second strain, law and economics, gives equal status to law, and explores how the more realistic, less theoretical discipline of law can lead to improvements in economic theory. It is the latter ... More
Keywords: law and economics, Jeremy Bentham, John Stuart Mill, legal system, economic theory, economic analysis of law
Bibliographic Information
| Print publication date: 2016 | Print ISBN-13: 9780300195897 |
| Published to Yale Scholarship Online: May 2016 | DOI:10.12987/yale/9780300195897.001.0001 |
