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The original contributions in this Handbook provide an introduction to the application of Austrian economics to law. The book begins with chapters on the methodology of law and economics before moving on to chapters which discuss key concepts in Austrian economics such as; dynamic competitive processes, spontaneous order, subjective value, entrepreneurship, and the limited nature of individual knowledge - as they relate to topics in evolutionary law and basic law.This book presents contributions from both economists and legal scholars on topics ranging from methodology of analysis and the evolution of contemporary legal practice, to the teachings of basic law. Taken as a whole, this Handbook provides a strong overview of contemporary research in the Austrian school of law and economics. It is an approach that reflects both the examination of how alternative legal arrangements impact economic performance, and how to use the tools of basic economic reasoning to study the operation of legal rules.Scholars working in the fields of law, jurisprudence, economics, and public policy will find this an important resource on the cutting edge of Austrian political economy in application to law and economics.Contributors include: B.L. Benson, P.J. Boettke, D.J. Boudreaux, H.N. Butler, E.R. Claeys, C.J. Coyne, M. DeBow, M.T. Henderson, S. Horwitz, P.G. Klein, M. Krause, T.A. Lambert, P.T. Leeson, J. Parker, G.J. Postema, S. Rajagopalan, D. Skarbek, E.P. Stringham, R.E. Wagner, T.J. Zywicki
Edited by Todd J. Zywicki, George Mason University Foundation Professor of Law, Antonin Scalia Law School, George Mason University and Peter J. Boettke, University Professor of Economics and Philosophy, George Mason University, US
Contents:Part I Introduction 1. Law and economics: the contributions of the Austrian School of EconomicsPeter J. Boettke and Todd J. ZywickiPart IIMethodology of Law and Economics2. Property rights, the Coase Theorem and informalityMartín Krause3. Coase, Posner, and Austrian law and economicsPeter T. LeesonPart III Evolutionary Law4. Nature as first custom: Hayek on the evolution of social rulesGerald J. Postema5. The law and economics of rule reformChristopher J. Coyne6. Legal process for fostering innovationHenry N. Butler and Larry E. Ribstein7. Customary commercial law, credibility, contracting, and credit in the high Middle AgesBruce L. Benson8. Self-Governance, property rights, and illicit commerceDavid Skarbek9. Austrian law and economics and efficiency in the common lawTodd J. Zywicki and Edward P. Stringham10. Dispute resolution when rationalities conflict: cost and choice in a mixed economyRichard E. WagnerPart IV Basic Law11. Sparks cases in contemporary law and economic scholarshipEric R. Claeys12. Austrian economics and tort lawMichael E. DeBow13. Antitrust and competition from a market-process perspectiveDonald J. Boudreaux14. Civil Procedure reconsideredJeffrey S. Parker15. An Austrian analysis of contemporary American business lawPeter G. Klein and Thomas A. Lambert16. Firms without boards: unleashing the Hayekian firmM. Todd Henderson17. Bankruptcy judge as a central plannerTodd J. Zywicki and Shruti Rajagopalan18. Family Law, uncertainty, and the coordination of human capitalSteven HorwitzPart V Conclusion19. Conclusion: the future of “Austrian” Law and EconomicsPeter J. Boettke and Todd J. ZywickiIndex