Law and economics has arguably become one of the most influential theories in contemporary legal theory and adjudication. The essays in this volume, authored by both legal scholars and economists, constitute lively and critical engagements between law and economics and new institutional economics from the perspectives of legal and evolutionary theory. The result is a fresh look at core concepts in law and economics - such as 'institutions', 'institutional change' and 'market failure' - that offer new perspectives on the relationship between economic and legal governance.

German law has been of long-standing interest and increasing relevance around the world, but access for researchers and practitioners very frequently was limited by the necessity of German language proficiency. Offering English-language access to these fields, the "Annual of German and European Law" is a significant contribution to the global discourse on and study of German, European and Comparative law. Each volume presents: articles - original, cutting-edge scholarship from the fields of German and European law; jurisdictional reports - comments on the latest case-law from Germany's most...