The Method of Law and Economics: Lectures on the George Mason School: Lecture 1 - What Matters?
19 Pages Posted: 21 Jun 2014
Date Written: 1999
Abstract
My objective in this course is to provide a general introduction to the method and content of the economic analysis of law, as it has been developed in the English-language literature, with emphasis on the contributions of those who are associated with what I believe will be known to history as the George Mason school of thought. Secondarily, I would like to use the course to convey some idea of the nature of instruction in American law schools.
Keywords: Coasian bargaining, demand, economic analysis of law, efficient, externality, F.A. Hayek, George Mason, Henry Manne, knowledge, law and economics, legal realism, market failure, opportunity cost, public choice, rational choice, social cost, social welfare function, supply, transaction costs, utility
JEL Classification: A20, K00
Suggested Citation: Suggested Citation