This thorough and detailed book provides a comprehensive analysis of the various ways in which laws and rules are produced and lays the foundations for a systematic understanding of lawmaking as a production process. Leading scholars and experts provide coverage and insight on key issues such as the optimal specificity and timing of legal intervention, the nature of expressive law, the production of customary law, and the effect of social norms and social stigma on legal compliance. The original essays shed new light on important issues concerning the institutional design of lawmaking through...

Richard A. Johnson's work on the economics of public law is an important component of the interaction between the law and economics movement and public choice theory. This volume brings together works on topics such as the economics of criminal law and the economics of antitrust.

This reader brings together some seminal papers on law and economics, with special emphasis on the foundational contributions to the economics of property, contracts and torts. The growing influence of these writings in the judicial profession, and in the academic world, underscores the relevance and importance of these early contributions and the growing maturity of the law and economics movement. These papers have provided the foundations for the development of an overarching economic theory of law and, most importantly,have opened new areas of research for present and future generations of...