Law and Economics (4th Edition) (Addison-Wesley Series in Economics)
Average customer rating: 4.5 out of 5 stars
  • Useless Study Guide
  • Good
  • Solid Introduction to Law and Economics
  • Fast delivery and excellent quality...
  • Expensive, but a good investment
Law and Economics (4th Edition) (Addison-Wesley Series in Economics)
Robert Cooter , and Thomas Ulen
Manufacturer: Addison Wesley
ProductGroup: Book
Binding: Hardcover

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ASIN: 0201770253

Customer Reviews:

1 out of 5 stars Useless Study Guide.......2007-05-07

The left pages contain lists of definitions while the right pages are left blank. Other than that, there is nothing else in the book.

5 out of 5 stars Good.......2005-09-26

This item was in wonderful condition, bought used, but looked brand new, with a prompt delivery.

4 out of 5 stars Solid Introduction to Law and Economics.......2003-07-19

In a sense, this book is quite curious. Because law and economics is a discipline in its infancy, a book of this nature has to tread the fine line between serving as a distanced text and engaging in the dialogue of current research. And in both respects, Cooter and Ulen do a magnificent job of doing just that.

Law and economics is a branch of jurisprudence that aims to frame legal questions in terms of economic efficiency. While some maintain that legal questions can purely be reduced to economic ones, Cooter and Ulen take - rightly, in my view - the more conservative stance that economics can describe at least part of the legal question. It turns out, however, that the methodologies presented in this book are useful in reducing most legal problems to ones of economic efficiency.

This is a textbook for beginners. It presupposes virtually no knowledge on economics or law -- a brief synopsis of microeconomics and English common law system is presented at the outset. The rest of the book utilizes economic methodologies in analyzing legal problems of property, contract, torts, common law and criminal law.

However, there is a caveat. As law and economics is a burgeoning and diverse field, many important details are omitted. Most notably, the distinction between different schools of law and economics is saliently missing. This book adopts the "Posnerian" or "Chicago" school of law and economics; that is, analyzing legal questions using the framework of wealth maximization. This scaffold is one of many schools of law and economics, including the "Virginia School" and the "Rochester School."

Taking this into note, however, does not mitigate this book's clarity or exposition. This is a solid although incomplete introduction to law and economics. Recommended.

5 out of 5 stars Fast delivery and excellent quality..........2002-08-30

The book arrived really fast. It is brand new as promised. I am very satisfied.

5 out of 5 stars Expensive, but a good investment.......2001-08-08

This is a nice textbook. If you're looking for a good introduction to the field of law and economics intermediate between Mercuro/Medema's _Economics and the Law_ (low brainstrain) and Thomas Miceli's _Economics of the Law_ (high brainstrain), this one is a good choice.

One of the things I especially like about Cooter and Ulen's approach is that they are careful _not_ to reduce law to economics (or vice versa, for that matter). Their claim is simply that law and economics have a lot to learn from one another. And this claim is hard to argue with, no matter what other criticisms I might make about some parts of the law-and-economics movement.

For example, people who work with the law may tend to think of law as a means (solely) of securing justice, unaware that law also provides a complex structure of what economists would call "incentives" which promote what economists would call "efficiency". On the other hand, economists may tend to take for granted the existence of such institutions as property rights and contracts, and the meaning of such terms as "voluntary." These things are not as simple as they appear (as any first-year law student could tell you, although lots of "pop libertarians" probably couldn't), and legal scholarship has developed a lot of machinery for dealing with them.

So this textbook, after a short opening chapter, devotes two not-overlong and altogether mainstream summary-and-overview chapters to, respectively, microeconomic theory and law. This means that a reader from either discipline can learn the basics of the other before proceeding to the meat of the analysis.

Then the real work starts. Cooter and Ulen do a thorough job of presenting, in a readable and accessible manner, the basics of the economic analysis of the law of property, torts, contracts, legal procedure, crime, and all the other neat stuff on which the law-and-economics movement has based its reputation -- i.e., the application of economic theory to the study of law beyond the traditional bounds of, e.g., antitrust and other areas of law directly concerned with economics.

It's designed to be eminently readable. Judgments like the one I'm about to render are notoriously subjective, but overall, the text strikes me as a good mix of clear expository prose, a well-chosen range of helpful examples, sound theory, and audience-appropriate mathematics (algebra and graphing). More advanced texts -- e.g. the aforementioned Miceli, and _Introduction to Law and Economics by A. Mitchell Polinsky -- are harder to read than this one unless you've got some math background. (Polinsky doesn't actually _use_ all that much math, but I think readers without some mathematical experience will find his book more difficult reading than this one.)

References abound; every chapter closes with at least a handful of them. So the text also doubles as a bibliography and introduction to what is rapidly becoming a vast literature.

If you're introducing yourself to the field, this book is a good investment. If you have a sufficiently strong background in mathematics, you _may_ be able to start with either Miceli or Polinsky (or both) and give this one a pass. But you'll miss a lot of helpful introductory discussion.

Besides, this book has been something of a classic in the field ever since it was first published. If you have any interest in this field at all, you'll probably want to pick up a copy eventually.

(It will probably _not_ help you much in law school, by the way, at least in the beginning. If you're just looking for an introduction to law and economics sufficient to get you started as a law student, I recommend Mercuro/Medema. You can go on to Posner and Landes and Shavell and Calabresi and the rest of them later.)
Foundations of Legal Research and Writing, 2E (The West Legal Studies Series)
Average customer rating: 4 out of 5 stars
  • Helpfull with other sources
Foundations of Legal Research and Writing, 2E (The West Legal Studies Series)
Carol M. Bast , and Margie A. Hawkins
Manufacturer: Thomson Delmar Learning
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Binding: Paperback

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ASIN: 0766831647

Book Description

"Foundations of Legal Research and Writing, 2nd Edition" can be used in vocational, two-year, four-year, and graduate paralegal programs. It can also be used as a business, industry, and government training tool.

Customer Reviews:

4 out of 5 stars Helpfull with other sources.......2004-09-09

I do like this book since it does cover a lot of material for the paralegal which helps with leagal research and writing. The problem is in the writing style of the text, it truly will make you fall asleep. There are alsop a lack of useable diagrams when it come to writing law office memos. The formats however are presented rather well and I would reccomend this text to a paralegal to use as a reference but look into other materials which help aswell such as QUICK STUDY LAW LEGAL WRITING BAR CHART.
The Economics of Justice
Average customer rating: 4.5 out of 5 stars
  • Wealth Maximization. Holy cow!!!
  • Philosophy and Economics
The Economics of Justice
Richard A. Posner
Manufacturer: Harvard University Press
ProductGroup: Book
Binding: Paperback

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ASIN: 0674235266

Book Description

Richard A. Posner is probably the leading scholar in the rapidly growing field of the economics of law; he is also an extremely lucid writer. In this book, he applies economic theory to four areas of interest to students of social and legal institutions: the theory of justice, primitive and ancient social and legal institutions, the law and economics of privacy and reputation, and the law and economics of racial discrimination.

The book is designed to display the power of economics to organize and illuminate diverse fields in the study of nonmarket behavior and institutions. A central theme is the importance of uncertainty to an understanding of social and legal institutions. Another major theme is that the logic of the law, in many ways but not all, appears to be an economic one: that judges, for example, in interpreting the common law, act as if they were trying to maximize economic welfare.

Part I examines the deficiencies of utilitarianism as both a positive and a normative basis of understanding law, ethics, and social institutions, and suggests in its place the economist's concept of "wealth maximization." Part II, an examination of the social and legal institutions of archaic societies, notably that of ancient Greece and primitive societies, argues that economic analysis holds the key to understanding such diverse features of these societies as reciprocal gift-giving, blood guilt, marriage customs, liability rules, and the prestige accorded to generosity. Many topics relevant to modern social and philosophical debate, including the origin of the state and the retributive theory of punishment, are addressed. Parts III and IV deal with more contemporary social and jurisprudential questions. Part III is an economic analysis of privacy and the statutory and common law rules that protect privacy and related interests-rules that include the tort law of privacy, assault and battery, and defamation. Finally, Part IV examines, again from an economic standpoint, the controversial areas of racial and sexual discrimination, with special reference to affirmative action. Both Part III and Part IV develop as a subtheme the issue of proper standards of constitutional adjudication by the Supreme Court.

Customer Reviews:

5 out of 5 stars Wealth Maximization. Holy cow!!!.......2002-06-20

Although denied by the author in his book 'Problems of Jurisprudence,' Richard Posner was an integral early pioneer in the movement known as 'Economics and Law.' Picking up where George Stigler and Gary Becker left off, Posner argues that not only human behavior, but law can be understood by the theory of wealth-maximization. This is the philosophy that individuals act in a way that will maximize their benefit (the results of their action) while minimizing cost (energy, time etc. expended in action.) While my review is necessarily simplified, Posners audience is in for a well-made case.

After his case is made, he moves on to offer a hypothesis of how law may have developed in primitive societies against this backdrop of wealth-maximization. I've read several authors attempts to 'create' a state (Rousseau, Locke, Nozick) and to my eyes, Posners is the most convincing. Let's see what you think!

The third section applies wealth-maximization to privacy and discrimination laws. It is here that Posner is the most likely to disturb. For example, he distinguishes between privacy as seclusion and privacy as secrecy. Privacy as secrecy, Posner argues, is not only inconsistent with constitutional text but is not much more than the right to be able to distort information (whether by omission or declaration) to present and future transactors. This, in turn, distorts the 'market-place' of information and is inconsistent (a slippery slope) with the wealth-maximization of society.

Whether you agree or disagree with Posner, his intellect is undeniable, his thesis, original and his writing, first rate. Should be read by anyone interested in jurisprudence, politics, economics and psychology.

4 out of 5 stars Philosophy and Economics.......1999-02-04

Posner's "Economics of Justice" is still a fascinating read, almost two decades after its first publication. In particular, the first half of the book, which attempts (I think quite successfully) to carve out a middle ground of "ethical wealth maximization" between the 'poles' of Kantian ethics and utilitarian thought, is quite good. I am not always convinced that wealth maximization as a juridical norm in fact escapes the strictures and failures of utilitatarian thought, but Posner's philosophy and economics approach to the law demonstrates quite conclusively that economic thought has much to say about issues of justice. More broadly, Posner's lucid arguments dispel some of the many myths and critiques (some by people who do not understand economics) which contend that economics either oversimplifies or commodifies too much of human experience. What is needed is an update to this work, and more generally, a stronger outpouring of philosophical explanation from other economics-minded scholars such as Posner, to respond to the many socio-cultural legal critiques of law and economics. Overall, though, an excellent read; and although one need not agree with all of Posner's conclusions, the ideas are well worth examining.
Foundations of Economic Analysis of Law
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    Foundations of Economic Analysis of Law
    Steven Shavell
    Manufacturer: Belknap Press
    ProductGroup: Book
    Binding: Hardcover

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    5. Law and Economics (5th Edition) (Addison-Wesley Series in Economics) Law and Economics (5th Edition) (Addison-Wesley Series in Economics)

    ASIN: 0674011554

    Book Description

    What effects do laws have? Do individuals drive more cautiously, clear ice from sidewalks more diligently, and commit fewer crimes because of the threat of legal sanctions? Do corporations pollute less, market safer products, and obey contracts to avoid suit? And given the effects of laws, which are socially best? Such questions about the influence and desirability of laws have been investigated by legal scholars and economists in a new, rigorous, and systematic manner since the 1970s. Their approach, which is called economic, is widely considered to be intellectually compelling and to have revolutionized thinking about the law.

    In this book Steven Shavell provides an in-depth analysis and synthesis of the economic approach to the building blocks of our legal system, namely, property law, tort law, contract law, and criminal law. He also examines the litigation process as well as welfare economics and morality. Aimed at a broad audience, this book requires neither a legal background nor technical economics or mathematics to understand it. Because of its breadth, analytical clarity, and general accessibility, it is likely to serve as a definitive work in the economic analysis of law.

    Foundations of Business Organizations for Paralegals
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      Foundations of Business Organizations for Paralegals
      Margaret E. Bartschi
      Manufacturer: Cengage Delmar Learning
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      The Legal Answer Book for Private Foundation
      Average customer rating: Not rated
        The Legal Answer Book for Private Foundation
        Bruce R. Hopkins , and Jody Blazek
        Manufacturer: Wiley
        ProductGroup: Book
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        ASIN: 0471405795

        Book Description

        A must-have guide that enables managers and trustees of private foundations, as well as their lawyers and accountants, to successfully navigate today's increasingly complex tax laws and reporting requirements

        Private foundations are the most regulated of nonprofit organizations. Burdened with laws written over thirty years ago, which have become more complex and intricate, private foundations are forced to operate in a harsh legal environment. An operational or reporting mistake, no matter how innocent or inadvertent, can lead to immense tax and other penalties.

        To reap the charitable, tax, and other economic advantages of private foundations while avoiding the perils lurking in the myriad of tax-law traps, you must be fully informed about the basic legal requirements and the many subtleties and current developments affecting private foundations.

        Written by two of today's leading authorities on the laws regulating private foundations, The Legal Answer Book for Private Foundations provides this critical information in an efficient and comprehensible fashion. In clear, easy-to-understand language, the authors provide expert guidance on everything from how to set up a private foundation to how assets are invested, how funds are distributed to grantees, and how to avoid self-dealing.

        You'll find answers to such critical questions as:

        With the increasing opportunities for the establishment of private foundations, The Legal Answer Book for Private Foundations is an invaluable resource that is mandatory reading for anyone contemplating creation of a foundation or managing or advising an existing foundation.
        Creating a Private Foundation: The Essential Guide for Donors and Their Advisers
        Average customer rating: 4.5 out of 5 stars
        • private foundation fundamentals
        • Useful Primer
        • Creating Private Foundation
        Creating a Private Foundation: The Essential Guide for Donors and Their Advisers
        Roger D. Silk , James W. Lintott , Andrew R. Stephens , and Christine M. Silk
        Manufacturer: Bloomberg Press
        ProductGroup: Book
        Binding: Hardcover

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        ASIN: 1576601366

        Book Description

        There are over half a million high-net-worth individuals in the United States. Already 5 percent of them have private foundations, and interest in setting up charitable organizations is on the rise--due to the estate and tax-planning advantages offered by foundations and the growing desire of many to give back to the community. Creating a Private Foundation is a straightforward and authoritative guide for individuals and families looking at the pluses and minuses of creating a foundation, as well as for the advisers who serve these high-net-worth clients. It explains the reasons for establishing a foundation, the steps for setting one up, and tips for avoiding common pitfalls. Author Roger Silk covers the ins and outs of private foundations from the perspective of both philanthropists and the professionals who work with them.

        Customer Reviews:

        4 out of 5 stars private foundation fundamentals.......2006-03-09

        The book is more for donors than advisors. I does not provide enough of the necessary essential legally technical information.

        5 out of 5 stars Useful Primer.......2003-11-01

        Unwitting new philantrophists sometimes end up with bureaucratic creatures that do exactly what the donor did not want. This book is full of practical advice on how to avoid unpleasant surprises if you set up a foundation of your own, such as finding out that you have no control over its activities.

        It also gives a succinct review of investment problems. Foundations can potentially last for many generations. But they can easily mismanage themselves into oblivion in short order. The authors identify seven deadly investment sins.

        For example, foundations don't need to frequently redeem their investments, but some mistakenly invest in liquid assets and lose returns as a result. They would be better off with non-traditional investments like private-equity, income producing real estate, hedge funds, and timber.

        Many foundations fail to diversify, unwittingly taking on risk. THey start with stock from the founder's company and continue to hold a concentrated position, exposing themselves to the vagaries of that business. In 2002 the David and Lucille Packard Foundation was forced to cut its donations drastically when Hewlett-Packard stock fell.

        IN short, an easy-to-read, useful guide.

        5 out of 5 stars Creating Private Foundation.......2003-06-16

        A great great book to give to your existing Private Foundation clients, as well as those considering their options. The book hits on several key points among many others - which are the reason to formalize your investment policy statement(IPS) and donor intent issues. The author is correct that too often good intentions fail to result in effective results. It deals with other vehicles like charitable lead trusts (CLTs) and charitable remainder trusts (CRTs) as well as donor advised and support organizations. It is a big picture book not a technical how to for the attorney!
        Foundations of Legal Research and Writing (West Legal Studies)
        Average customer rating: Not rated
          Foundations of Legal Research and Writing (West Legal Studies)
          Carol M. Bast , and Margie A. Hawkins
          Manufacturer: Cengage Delmar Learning
          ProductGroup: Book
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          ASIN: 1418013951

          Book Description

          This unique text presents a balanced approach to legal research and legal writing. Outstanding chapters on research are included and key topics such as legal reasoning and analysis and computer-assisted legal research are discussed. Chapter concepts are reinforced with end-of-chapter legal research assignments and cyber law exercises, which require students to perform computer-assisted legal research. The writing portion of the text devotes entire chapters to writing client opinion letters, pleadings, contracts, office memos, memoranda of law, and appellate briefs. The many writing tips, case excerpts, and numerous examples provided make this reader-friendly text appealing to students, instructors, and professionals alike.
          Inequality Reexamined (Russell Sage Foundation Books)
          Average customer rating: 4.5 out of 5 stars
          • The Philosphy of Economics
          • Fantastic- and I don't agree with a word of it, either!
          • An Excellent piece
          Inequality Reexamined (Russell Sage Foundation Books)
          Amartya Sen
          Manufacturer: Harvard University Press
          ProductGroup: Book
          Binding: Paperback

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          Similar Items:
          1. Development as Freedom Development as Freedom
          2. On Ethics and Economics On Ethics and Economics
          3. Identity and Violence: The Illusion of Destiny (Issues of Our Time) Identity and Violence: The Illusion of Destiny (Issues of Our Time)
          4. Rationality and Freedom Rationality and Freedom
          5. On Economic Inequality (Radcliffe Lectures) On Economic Inequality (Radcliffe Lectures)

          ASIN: 0674452569

          Customer Reviews:

          4 out of 5 stars The Philosphy of Economics.......2003-06-06

          The most basic idea, that one person's equality is another's inequality, is explored in detail. Sen illuminates many of the flaws in standard economic thinking, and how the philosophical underpinnings of economics guide and distort economic reasoning.

          5 out of 5 stars Fantastic- and I don't agree with a word of it, either!.......2001-08-01

          I read this book in one sitting, and let me say it is a great book.

          It is odd so few books are written on such a basic philosophical question as equality, and reading mister Sen is akin to drinking a cold glass of water for a man in a desert of political philosophy.

          The prose is somewhat weak, the stye is stilted, and that oddly only seems to add to mister Sens' achievement: I never get the feeling that when I turn the next page I will be bored or watch him say something unnecessarily pedantic. The whole book is carried solely by the interesting subject at hand and mister Sens endlessly excellent commentary on it.

          That having been said, I agree with none of it. I do not value equality in any way, and my politics are thoroughly aristocratic and Old Right. So perhaps the possible reader should take that into account: I have nothing but praise for mister Sens books, and this book in particular is an excellent dive. Perhaps praise from a trenchant enemy is worth more than praise from the ideologically like minded.

          I will be reading it and making notes and attacks on it for a year to come, at the very least. No matter how you view equality, I advocate mister Sen without reservation. This is excellent. Please buy it.

          5 out of 5 stars An Excellent piece.......2000-05-03

          Amartya Sen really questions the very foundations that determine of what is equality and development. It is indeed a marvellous piece of work.
          In Defense of Natural Law
          Average customer rating: 4 out of 5 stars
          • A Great Tome, But Not the Place to Start
          In Defense of Natural Law
          Robert P. George
          Manufacturer: Oxford University Press, USA
          ProductGroup: Book
          Binding: Paperback

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          Similar Items:
          1. Natural Law and Natural Rights (Clarendon Law Series) Natural Law and Natural Rights (Clarendon Law Series)
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          ASIN: 0199242992

          Book Description

          In `Making Men Moral', Robert George questioned the central doctrines of liberal jurisprudence and political theory. In his new work he extends his critique of liberalism, and also goes beyond it to show how contemporary natural law theory provides a superior way of thinking about basic problems of justice and political morality. It is written with the same combination of stylistic elegance and analytical rigour that distinguished his critical work. Not content merely to defend natural law from its 'cultural despisers'; he deftly turns the tables and deploys the idea to mount a stunning attack on regnant liberal beliefs about such issues as abortion, sexuality, and the place of religion in public life. Students as well as scholars in law, political science, and philosophy will find George's arguments stimulating, challenging, and compelling.

          Customer Reviews:

          4 out of 5 stars A Great Tome, But Not the Place to Start.......2002-04-07

          George is an adroit, articulate, and erudite author, and this book is a well-crafted and intelligently-designed defense of modern natural law theory. Yet, these features still require the reader to be already familiar with ethics, meta-ethics, metaphysics, and natural law. This book is for graduate students and advanced undergraduates; it's not directed toward a general readership. For a simpler, more straight-forward account cf, Finnis, "Natural Law and Natural Rights," (OUP, 1982).

          George defends the neo-Thomistic view of natural law as refined by Messrs. Grisez, Finnis, and Boyle. This is not an uncontroversial stance. The core of the book is Chapter III, where the Grisez, Finnis, and Boyle version of natural law that George intends to defend is given. The book is rigorous and examines natural-law theory from variegated angles and various detractors, making close reading of dense argument necessary. The early chapters presuppose knowledge of natural law theory; thus, neophytes may profitably read Chapter III first. Chapter II is reserved for those already versed in natural law theory and want a examination of meta-ethics nuances.

          I didn't like the way the naturalistic fallacy is handled (more "sidelined"), as if it is a minor point to a major premise. But George's defense of natural law theory avoids the fallacy (norms derived from facts) by using the Grisez, Finnis, and Boyle model, and succeeds in staying clear of metaphysical foundations. This caveat aside, I know of no better, one-volume, exhaustive, and sustained argument for natural law theory. It's dizzying reading, and even if inevitably unconvincing, generally worthwhile.

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