Principles of Law and Economics, Third Edition provides a comprehensive yet accessible guide to the field of law and economics. With its focus on principles, and use of illustrative examples, this is the ideal introduction for law students, with or without prior knowledge of economics.
The textbook focuses largely on the economics of core areas in common law: property, contract and tort, with additional chapters on criminal law, procedural matters and family law. This updated third edition also includes a chapter on the economics of corporate law that addresses the key issues surrounding the nature of the firm and the incentives attached to corporate legal structures.
Key features include:
- Clear and succinct language used throughout with limited use of jargon or specialist terms
- An educational design which is accessible for use by students of law and economics alike
- Economic analysis and legal principles treated in a self-contained manner for ease of reference
- Legal cases summarized for the benefit of highlighting relevant economic issues
- A focus on the common law, including comparative references to civil law
- Review questions at the end of each chapter to encourage further analysis and debate around key topics.
The clear and non-technical approach to the subject matter makes this a perfect text for law students, or indeed for students in economics or business studies who are studying law and economics for the first time.
'Why should law learn from economics and why should economics learn from Law? The new book by Professor Antony Dnes gives the answer. By exploring the standard areas of the law (property, contract, tort, crime, litigation and legal process, family, corporations) with rigorous economic tools and a blend of accessible language and illustrative examples, the book encourages the reader to learn, understand and think about the field of law and economics. Whether looking for a first immersion into this legal methodology or just searching for new applications, all will benefit from the author's clear writing and deep knowledge of the literature. Lawyers, economists, social scientists and policymakers should make this their turn-to book.'
– Nuno Garoupa, Texas A&M University, School of Law, US
'This book provides a well-structured introduction into the economic analysis of law, which is easily accessible for lawyers and social scientists. The new section of economic aspects of corporate law is a very valuable amendment in particular for management students.'
– Roland Kirstein, Otto-von-Guericke-University Magdeburg, Germany and German Law and Economics Association
Antony W. Dnes
, Professor of Economics, Director, Center for Free Enterprise, and Lynn and Mark Hollis Chair in Free Enterprise, Florida Southern College, US.