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Overview
Since the publication of the second edition of Law and Economics in 1988, there have been major developments in economics, jurisprudence, and in the field of law and economics. These changes are reflected in the updated and improved Third Edition. About 30% of the material in the new edition is different. The reader will find that the book incorporates recent scholarly contributions and court rulings on, for example, the Takings Clause of the constitution, the high-tech communication revolution in determining what constitutes a legal contract, no-fault insurance and its economic effects, and empirical cost-benefit analysis of environmental laws. Moreover, attention is paid to recent developments in anti-monopoly law as applied to high-tech information and communication firms. Students in management, policy, law, economics, and business programs, as well as law professionals, find the new edition of Law and Economics has kept up with the changing economic and legal climate.Key Features
* Features new examinations of the takings clause of the Constitution, contract law, and tort law
* Includes new cost-benefit analyses in chapters on criminal law and environmental law
* Offers new insights into anti-monopoly laws, especially policies concerning high-tech industries
This second edition takes into account the major developments in economics and jurisprudence that have occurred since the publication of the first edition. A new chapter has been added on anti-discrimination law and such topics as adverse possession, rent control, medical malpractice, product reliability, and defense against criminal prosecution have been reexamined in the light of new theoretical developments and case studies. Environmental law and a careful comparison of alternative methods to control the environment are included.
Synopsis
Since the publication of the second edition of Law and Economics in 1988, there have been major developments in economics, jurisprudence, and in the field of law and economics. These changes are reflected in the updated and improved Third Edition. About 30% of the material in the new edition is different. The reader will find that the book incorporates recent scholarly contributions and court rulings on, for example, the Takings Clause of the constitution, the high-tech communication revolution in determining what constitutes a legal contract, no-fault insurance and its economic effects, and empirical cost-benefit analysis of environmental laws. Moreover, attention is paid to recent developments in anti-monopoly law as applied to high-tech information and communication firms. Students in management, policy, law, economics, and business programs, as well as law professionals, will find the new edition of Law and Economics has kept up with the changing economic and legal climate.
Editorials
From the Publisher
"Among the leading analysts in law-and-economics, Werner Hirsch displays a special interest in the empirical implications of scholarship in this field. For that and many other reasons, his textbook is very welcome."-Gary T. Schwartz, University of California School of Law, Los Angeles
"Werner Hirsch's book stands alone among law-and-economics texts in its use of empirical data to test and inform economic theorems, and in its broad, non-ideological approach. The Third Edition is an excellent textbook and a real contribution to the field."
-Richard H. Sander, University of California, Los Angeles
"Professor Hirsch collects some of the most important views on law and economics, and combines them with his own impressive understanding, to create a remarkable work that will open new horizons to all who read it."
-Alex Kozinski, U.S. Circuit Judge, Ninth Circuit, Pasadena, California