Title
Law s Order: What Economics Has to Do with Law and Why It Matters.
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What does economics have to do with law? Suppose legislators propose that armed robbers receive life imprisonment. Editorial pages applaud them for getting tough on crime. Constitutional lawyers raise the issue of cruel and unusual punishment. Legal philosophers ponder questions of justness. An economist, on the other hand, observes that making the punishment for armed robbery the same as that for murder encourages muggers to kill their victims. This is the cuttothechase quality that makes economics not only applicable to the interpretation of law, but beneficial to its crafting.Drawing on numerous commonsense examples, in addition to his extensive knowledge of Chicagoschool economics, David D. Friedman offers a spirited defense of the economic view of law. He clarifies the relationship between law and economics in clear prose that is friendly to students, lawyers, and lay readers without sacrificing the intellectual heft of the ideas presented. Friedman is the ideal spokesman for an approach to law that is controversial not because it overturns the conclusions of traditional legal scholarsit can be used to advocate a surprising variety of political positions, including both sides of such contentious issues as capital punishmentbut rather because it alters the very nature of their arguments. For example, rather than viewing landlordtenant law as a matter of favoring landlords over tenants or tenants over landlords, an economic analysis makes clear that a bad law injures both groups in the long run. And unlike traditional legal doctrines, economics offers a unified approach, one that applies the same fundamental ideas to understand and evaluate legal rules in contract, property, crime, tort, and every other category of law, whether in modern day America or other times and placesand systems of nonlegal rules, such as social norms, as well.This book will undoubtedly raise the discourse on the increasingly important topic of the economics of law, giving both supporters and critics of the economic perspective a place to organize their ideas.
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- Q: What is the main topic of 'Law's Order'? A: 'Law's Order' explores the relationship between law and economics, arguing that economic principles can significantly influence legal interpretations and crafting.
- Q: Who is the author of 'Law's Order'? A: The author of 'Law's Order' is David D. Friedman, known for his expertise in Chicago-school economics.
- Q: What are the key themes discussed in the book? A: Key themes include the economic analysis of law, the impact of legal rules on behavior, and the implications of economic principles for various legal issues.
- Q: Is 'Law's Order' suitable for beginners? A: 'Law's Order' is written in clear prose, making it accessible for students, lawyers, and lay readers, while still presenting complex ideas.
- Q: What type of binding does this book have? A: 'Law's Order' is available in hardcover binding, which offers durability and a classic look.
- Q: How many pages are in 'Law's Order'? A: 'Law's Order' contains 344 pages, providing an in-depth exploration of its subjects.
- Q: When was 'Law's Order' published? A: 'Law's Order' was published on April 17, 2000.
- Q: What condition is the book in? A: 'Law's Order' is listed as a new book in good condition.
- Q: Can 'Law's Order' be used as a textbook? A: 'Law's Order' can be used as a supplementary textbook for courses in law and economics due to its comprehensive analysis and clear examples.
- Q: What makes 'Law's Order' different from traditional legal texts? A: 'Law's Order' differs from traditional legal texts by applying economic analysis to legal questions, challenging the conventional views held by many legal scholars.