The Origins of Law and Economics: Essays by the Founding Fathers (The Locke Institute Series New edition)

The Origins of Law and Economics: Essays by the Founding Fathers (The Locke Institute Series New edition)

By: Francesco Parisi (editor), Charles K. Rowley (editor)Paperback

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This unique collection of largely unpublished papers brings together the founding fathers of law and economics to provide their own views on the origins and intellectual history of the field. Law and economics emerged as a separate field of scholarship during the early 1960s, fueled by two seminal papers, one by Ronald Coase and one by Guido Calabresi. The ideas generated by scholars researching in the field have deeply influenced the major disciplines of economics and the law. These 16 essays (including three by Nobel Laureates in Economic Sciences) provide an impressive blend of differing experiences and varying perspectives, reflecting on the intellectual foundations of the field, its early struggles for recognition, and its remarkable advance during the last four decades of the twentieth century, and into the twenty-first. The essays clearly outline, and contribute new insights into, all of the central issues of this still vibrant research programme. A unifying theme of the book is the central importance attached by each scholar to scientific analysis, rather than to any particular ideology or dogma. This book provides an absorbing intellectual history of law and economics, and will be a fascinating read for academics and researchers with an interest in law and economics, the history of economic thought, public choice and public policy.

About Author

Edited by Francesco Parisi, Oppenheimer Wolff and Donnelly Professor of Law, University of Minnesota Law School, US and Professor of Economics, University of Bologna, Italy and the late Charles K. Rowley, former General Director, The Locke Institute, Duncan Black Professor of Economics and Director, Program in Economics, Politics and the Law, James M. Buchanan Center for Political Economy, George Mason University, US


Contents: PART I: INTRODUCTORY ESSAYS 1. An Intellectual History of Law and Economics: 1739-2003 Charles K. Rowley 2. Methodological Debates in Law and Economics: The Changing Contours of a Discipline Francesco Parisi 3. The Fire of Truth: A Remembrance of Law and Economics at Chicago, 1932-1970 Edmund W. Kitch PART II: ESSAYS BY THE FOUNDING FATHERS 4. The Economics Way of Looking at Behavior Gary S. Becker 5. Cost, Choice, and Catallaxy: An Evaluation of Two Related but Divergent Virginia Paradigms James M. Buchanan 6. The Pointlessness of Pareto: Carrying Coase Further Guido Calabresi 7. The Relevance of Transaction Costs in the Economic Analysis of Law Ronald H. Coase 8. The Confluence of Justice and Efficiency in the Economic Analysis of Law Robert D. Cooter 9. Toward a Theory of Property Rights II: The Competition Between Private and Collective Ownership Harold Demsetz 10. The Economist in Spite of Himself Richard A. Epstein 11. The Art of Law and Economics: An Autobiographical Essay William M. Landes 12. How Law and Economics was Marketed in a Hostile World: A Very Personal History Henry G. Manne 13. The Law and Economics Movement: From Bentham to Becker Richard A. Posner 14. The Rise of Law and Economics: A Memoir of the Early Years George L. Priest 15. Why was the Common Law Efficient? Paul H. Rubin 16. Law Versus Morality as Regulators of Conduct Steven Shavell 17. Journeys Across the Divides Michael J. Trebilcock 18. The Case Against the Common Law Gordon Tullock 19. Why Law, Economics, and Organization? Oliver E. Williamson Index

Product Details

  • ISBN13: 9781847203205
  • Format: Paperback
  • Number Of Pages: 544
  • ID: 9781847203205
  • ISBN10: 1847203205
  • edition: New edition

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