The Power of Law and Economics

|Peter Boettke|

Henry Manne describes the law and economics revolution.

HT: Henry Butler

Comments

[MarcellaBoone]

Every body remembers that humen's life is very expensive, however some people need cash for different things and not every person gets enough money. So to get good home loans or just auto loan would be a correct solution.

[dro]

It appears this essay could be preliminary to a new book?

A Preface to Neoclassical Legal Thought
http://legalhistoryblog.blogspot.com/2011/06/hovenkamp-on-neoclassical-legal-thought.html

Professor Hovenkamp has a JD and PhD in History from the University of Texas and teaches at the University of Iowa College of Law.

Reading the essay and sources may be of interest to some here. The history runs parrallel to the development of Austrian economics, which is left mostly out of the story. It is educational in a way, for anyone who hasn't covered it before or covered it for awhile. It appears to me that the parts left out might make for a worthwhile research project or critique.

The emphasis could be for historical reasons in part, looking at the thinking that actually influenced American legal thought. But I think it is apparent that some gaps in economics understanding also exist.

It helps to have some legal understanding I'm sure, but I am not sure how critical.

I think Professor Hovenkamp's eyeglass prescription, his theoretical lens, is a little different from yours, Professor Boettke. :-)