Law and economics or economic analysis of law is the application of economic theory specifically microeconomic theory to the analysis of law that began mostly with . Economic analysis of law applies the tools of microeconomic theory to the analysis of legal rules and institutions ronald coase 1960 and guido calabresi 1961 are . Lucid comprehensive and definitive in its field this text covers every aspect of economic analysis of the law from common law corporate and commercial law and . Economic analysis of law louis kaplow and steven shavell february 1999 abstract this is a survey of the field of economic analysis of law focusing on the work of. Washington university law review volume 1974 issue 2 1974 review of economic analysis of law by richard a posner donald h j hermann follow this and
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