• EAN: 9781862873162
  • 152 pages; 6" x 8⅝"
Filed Under: Economics; Jurisprudence

The Second Wave of Law and Economics


Product Description

How best can the analyses and insights of economics inform legal theory and "improve" legal decision-making?

The contribution of the first wave of law and economics scholars was marked by dogmatic adherence to the free market ideals of the Chicago school. Today, the second wave places greater emphasis on empirical data and accepts a much wider range of non-economic values – an approach which offers promise of an objective and balanced reception of law and economics by the courts.

This book demonstrates the richness and value of the second wave. The contributors include judges from the High Court of Australia and the Court of Appeal, New Zealand and academics from the Universities of Toronto, Melbourne and Cambridge.

Introduction: The Second Wave in Context

Megan Richardson

From the Past to the Present to the Future

The Value and Limits of Law and Economics

Michael Trebilcock

Law Versus Economics? Reflections on the NormativeFoundations of Economic Activity

Simon Deakin

The Second Wave of Law and Economics: Learning to Surf

Gillian Hadfield

Some Applications

Game Theory and Remedies for Breach of a Government Tender Contract

Megan Richardson and Joshua Sgro

Perspectives on Joint and Several Tortfeasors andLiability for Economic Loss

Megan Richardson

Mabo and Inalienable Rights to Property:Efficiency and Justice Considerations

Philip Williams and Maureen Tehan

Judicial Perspectives

Law and Economics in the Courts: Is There Hope?

The Honourable Justice Michael Kirby

Law, Economics and Judicial Decision Making

The Right Honourable Justice Sir Ivor Richardson


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