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The Law and Economics approach to law dominates the intellectual discussion of nearly every doctrinal area of law in the United States and its influence is growing steadily throughout　Europe, Asia, and South America.　Numerous academics and practitioners　are working in the field with a flow of uninterrupted scholarship that is unprecedented, as is its influence on the law.

Academically every major law school in the United States has　a　Law and Economics program and the emergence of similar　programs on other continents continues to accelerate....