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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...

Social experimentation is a tool that enables economists and policy makers to test proposed economic policies in the real world.

Hardbound. In May 1998, twenty representatives from the higher education communities of the United States and Western Europe met in Glion, Switzerland to discuss the challenges facing higher education today and to propose effective means for meeting those challenges.Challenges Facing Higher Education at the Millennium presents the collection of papers written by members of the colloquium.Key issues discussed include: the role of the university in society; the university and new technologies; new sources of revenue; possible alliances between education, private industry and government;...