‘Contemporary Law and Economics,’ by Adam Chilton, Joshua C. Macey & Mila Versteeg
What does it mean to be a law & economics (L&E) scholar? It can’t require a Ph.D. in economics. Richard Posner doesn’t have one. He didn’t even major in economics as an undergraduate, preferring English—as did his Chicago colleagues Douglas Baird and Diane Wood. It can’t require a law degree, either, or Ronald Coase, William ... ‘Contemporary Law and Economics,’ by Adam Chilton, Joshua C. Macey & Mila Versteeg
‘Property Rules, Liability Rules, and Inalienability: One View of the Cathedral,’ by Guido Calabresi & A. Douglas Melamed
Guido Calabresi and Doug Melamed’s 1972 classic “One View of the Cathedral” sets up a framework that is now standard fare for first-year law students. First-years spend their early months trying to figure out what they are doing and why they shuffle from property class to torts class. They hear terminology utterly new to them ... ‘Property Rules, Liability Rules, and Inalienability: One View of the Cathedral,’ by Guido Calabresi & A. Douglas Melamed