'This book of specially commissioned, original papers, by two major scholars, Francesco Parisi and Charles Rowley, is essentially an intellectual history of the L&E school. . . This book is one of the many valuable collections Edward Elgar has offered in many fields of economics, most of them being very handy, especially when they gather important contributions otherwise scattered across various reviews and journals, sometimes in obscure volumes. . . On the whole, this book is a valuable contribution to the intellectual history and the methodology of L&E. It gathers some of the most important essays on these questions, and it is a must-read for L&E scholars, legal theorists and economists with broader interests.'
- Aristides N. Hatzis, The Law and Politics Book Review
This unique collection of largely unpublished papers brings together the founding fathers of law and economics to provide their own views on the origins and intellectual history of the field.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 program. 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.
Contents: Part I: Introductory Essays Part II: Essays by the Founding Fathers Index
Contributors: G.S. Becker, J.M. Buchanan, G. Calabresi, R.H. Coase, R.D. Cooter, H. Demsetz, R.A. Epstein, E.W. Kitch, W.M. Landes, H.G. Manne, F. Parisi, R.A. Posner, G.L. Priest, C.K. Rowley, P.H. Rubin, S. Shavell, M.J. Trebilcock, G. Tullock, O.E. Williamso
