By
Werner Hirsch, University of California, Los Angeles, U.S.A.
Description
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.
Audience:
Upper division undergraduate students in economics; graduate students in MBA programs and law schools; scholars in urban economics, urban
planning, environmental resource management, business management, criminology, and applied ethics.
