Here are 100 books that The Future of Law and Economics fans have personally recommended if you like
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We are law professors at the Hebrew University of Jerusalem. Eyal Zamir is interested in the intersections of law, economics, ethics, and psychology. In addition to theoretical studies of these issues, he engages in experimental legal studies, as well. Barak Medina studies constitutional law, human rights, and economic analysis of law. He is interested in constitutional interpretation and the interaction between common-sense morality, public opinion and adjudication.
The book provides an excellent introduction to the philosophical foundations of economic analysis as a normative theory of human behavior and as a tool for public policy making.
It lucidly explains and criticizes the building blocks of welfare economics – the normative branch of economic analysis.
This book shows through argument and numerous policy-related examples how understanding moral philosophy can improve economic analysis, how moral philosophy can benefit from economists' analytical tools, and how economic analysis and moral philosophy together can inform public policy. Part I explores the idea of rationality and its connections to ethics, arguing that when they defend their formal model of rationality, most economists implicitly espouse contestable moral principles. Part II addresses the nature and measurement of welfare, utilitarianism and cost-benefit analysis. Part III discusses freedom, rights, equality, and justice - moral notions that are relevant to evaluating policies, but which have…
We are law professors at the Hebrew University of Jerusalem. Eyal Zamir is interested in the intersections of law, economics, ethics, and psychology. In addition to theoretical studies of these issues, he engages in experimental legal studies, as well. Barak Medina studies constitutional law, human rights, and economic analysis of law. He is interested in constitutional interpretation and the interaction between common-sense morality, public opinion and adjudication.
This short book by Nobel Prize winner, the philosopher and economist Amartya Sen, critically analyzes the simplifying assumptions underlying standard economic analysis, such as that people are only interested in advancing their own interests, the undesirable ramifications of these assumptions, and ways to improve economic analysis.
At the same time, the book points to the potential contribution of the economic approach to the study of ethics.
In this elegant critique, Amartya Sen argues that a closer contact between welfare economics and modern ethical studies can substantively enrich and benefit both disciplines.He argues further that even predictive and descriptive economics can be helped by making more room for welfare economic considerations in the explanation of behavior, especially in production relations, which inevitably involve problems of cooperation as well as conflict. The concept of rationality of behaviour is thoroughly proved in this context, with particular attention paid to social interdependence and internal tensions within consequentialist reasoning. In developing his general theme, Sen also investigates some related matters: the…
We are law professors at the Hebrew University of Jerusalem. Eyal Zamir is interested in the intersections of law, economics, ethics, and psychology. In addition to theoretical studies of these issues, he engages in experimental legal studies, as well. Barak Medina studies constitutional law, human rights, and economic analysis of law. He is interested in constitutional interpretation and the interaction between common-sense morality, public opinion and adjudication.
One of the world’s leading microeconomic scholars presents in this fascinating book brilliant insights about economic theory and its role in public policy.
Rubinstein challenges several central tenets of game theory, and sheds light on the role economics can and should play in society at large. The book presents economic theory through a series of fables.
The stories provide the basic insights of economics, but also enables us to critically evaluate the effect of implicit assumptions on the predictive power of economic theory and its moral implications.
"I had the good fortune to grow up in a wonderful area of Jerusalem, surrounded by a diverse range of people: Rabbi Meizel, the communist Sala Marcel, my widowed Aunt Hannah, and the intellectual Yaacovson. As far as I'm concerned, the opinion of such people is just as authoritative for making social and economic decisions as the opinion of an expert using a model." Part memoir, part crash-course in economic theory, this deeply engaging book by one of the world's foremost economists looks at economic ideas through a personal lens. Together with an introduction to some of the central concepts…
We are law professors at the Hebrew University of Jerusalem. Eyal Zamir is interested in the intersections of law, economics, ethics, and psychology. In addition to theoretical studies of these issues, he engages in experimental legal studies, as well. Barak Medina studies constitutional law, human rights, and economic analysis of law. He is interested in constitutional interpretation and the interaction between common-sense morality, public opinion and adjudication.
This collection of essays by some of the leading contemporary scholars in ethics and in economics provides both critical surveys of the various interactions between these two bodies of thought and original suggestions for future advancements in this important intersection.
The collection includes both general and theoretical inquiries and more specific applications. It may be of interest both to academics (scholars and students) and to policymakers and laypersons.
Economics and ethics are both valuable tools for analyzing the behavior and actions of human beings and institutions. Adam Smith, the father of modern economics, considered them two sides of the same coin, but since economics was formalized and mathematicised in the late 1800s and early 1900s, the fields have largely followed separate paths.
The Oxford Handbook of Ethics and Economics provides a timely and thorough survey of the various ways ethics can, does, and should inform economic theory and practice. The first part of the book, Foundations, explores how the most prominent schools of moral philosophy relate to economics;…
The fundamental connection between law and economics rules most of the world. This is especially true in romantic relationships, whether the parties realize it or not. Being “Janites” ourselves, in addition to our day jobs of family law professor and economic consultant, we could not help but read Jane Austen and be blown away by her genius understanding of both law and economics. Moreover, the principles she draws out that govern much of her characters’ decision-making are just as applicable today in the world of online dating and Tinder. We hope our book enlightens you on law and economics in new, surprising, and romantic ways.
The key role of "incentives" in family law is considered in this economic approach to family law.
The book discusses the possible adverse consequences emanating from faulty legal design, while demonstrating that good family law should provide incentives for consistent and honest behavior.
Economists, specialists in the economic analysis of law, and academic lawyers discuss recent advances in specialized studies of marriage, cohabitation, and divorce.
This work is of considerable interest to lawyers, policy-makers, and economists concerned with family law.
What sort of contract is marriage? What does it offer the parties? What are the difficulties of enforcement, and the result of failed effective enforcement? This book takes an economic approach to marriage and divorce, considering the key role of 'incentives' in family law: it highlights the possible adverse consequences emanating from faulty legal design, while demonstrating that good family law should provide incentives for consistent and honest behavior. Economists, specialists in the economic analysis of law, and academic lawyers discuss recent advances in specialist work on marriage, cohabitation, and divorce. Chapters are grouped around four topics: the contractual perspectives…
I'm Associate Professor of Economics at Washington and Lee University in Virginia, USA. My expertise is in conflict, war, and peace economics. I'm deeply motivated to understand the broader impacts of violent conflicts in low-income countries with the hope that doing so will pave the way for us to live in a more harmonious world. Recently, I've been interested in economics of cultural heritage destruction during violent conflicts. My aim is to understand patterns of heritage destruction in the past such that we can incorporate heritage destruction in atrocity forecasting models of today. I'm just as passionate to teach what I have learned over the years and what I'm curious to explore in the future.
This book asks policymakers to look beyond incentives when designing policies.
Whether we are trying do something at a personal level, such as have our children do chores, or achieve something much bigger, such as combat obesity, designing appropriate incentives (carrots or sticks) is generally believed to help us achieve our goals.
Bowles warns us that this view assumes that incentives and morality are independent and that such view is faulty. Numerous experimental evidence attests to his argument. In its stead, he suggests shaping norms as a much more viable option.
When I presented these concepts in my economics elective this semester, one student commented that this was a “paradigm shift” in their understanding of economics; hence, the reason why I recommend this book.
Why do policies and business practices that ignore the moral and generous side of human nature often fail?
Should the idea of economic man-the amoral and self-interested Homo economicus-determine how we expect people to respond to monetary rewards, punishments, and other incentives? Samuel Bowles answers with a resounding "no." Policies that follow from this paradigm, he shows, may "crowd out" ethical and generous motives and thus backfire.
But incentives per se are not really the culprit. Bowles shows that crowding out occurs when the message conveyed by fines and rewards is that self-interest is expected, that the employer thinks the…
One of my long-standing interests, as a political philosopher, has been to examine the deployment of state power and the state forms (what I call states of affairs) the capitalist mode of production takes in order to preserve its economic order. Since I completed my doctorate, which was on the articulation of settler-colonial power in relationship to remaining settler states, I have largely been invested in thinking politics: how dominant politics maintain the current order, how counter-hegemonic politics disrupt this order.
Considering the legal apparatus as part of the state, Pashukanis puts forward the “commodity-form” theory of law in order to conceptualize the apotheosis of law under and fundamental to capitalism. Following Lenin, and against the claims of many of his Soviet philosopher contemporaries, Pashukanis argues that the withering away of the state should also imply the withering away of law. In making this argument he also examines the construction of legal relations and the legal subject. Pashukanis’ analysis has been revisited and revived in critical legal studies giving rise to scholarly studies such as China Miéville’s Between Equal Rights—which is how I initially discovered it, being a fan of Miéville’s fiction!
E. B. Pashukanis was the most significant contemporary to develop a fresh, new Marxist perspective in post-revolutionary Russia. In 1924 he wrote what is probably his most influential work, The General Theory of Law and Marxism. In the second edition, 1926, he stated that this work was not to be seen as a final product but more for "self-clarification" in hopes of adding "stimulus and material for further discussion." A third edition was printed in 1927.Pashukanis's "commodity-exchange" theory of law spearheaded a perspective that traced the form of law, not to class interests, but to capital logic itself. Until his…
Every author writing about race and tax in the United States uses my article with William Whitford, “A Black Critique of the Internal Revenue Code.” Using census data, Bill and I showed that blacks and whites who earn the same income, live in the same geographic areas, have the same education and marital status, pay different amounts of federal income tax because of the race and wealth disparities outlined in Race and Wealth Disparities: A Multidisciplinary Discourse edited by Beverly Moran.
Critical Race Theory: An Introduction gives an overview of the authors who work in critical race theory and the problems they address. It is a classic put together by two of the most important authors in the field. A terrific way to ground yourself in the literature.
Updated to include the Black Lives Matter movement, the presidency of Barack Obama, the rise of hate speech on the Internet, and more
Since the publication of the first edition of Critical Race Theory in 2001, the United States has lived through two economic downturns, an outbreak of terrorism, and the onset of an epidemic of hate directed against immigrants, especially undocumented Latinos and Middle Eastern people. On a more hopeful note, the country elected and re-elected its first black president and has witnessed the impressive advance of gay rights.
As a field, critical race theory has taken note of…
I’ve always been interested in human freedom, and both intrigued and cautious about the path offered by the libertarians. In my book, I finally worked out for my own benefit what is alive and what is dead in their ideals – and the various flavors in which those ideals are available. They have important insights, but too much of what they are selling is snake oil. Until now there hasn’t been any critical introduction to libertarianism for the general reader. This book aims to supply that.
This is the best contemporary introduction to the way in which laws that facilitate market transactions promote peace and prosperity. When philosophy students are introduced to libertarianism, they typically read Robert Nozick’s Anarchy, State, and Utopia, but Epstein’s book is more illuminating and more carefully argued. As with Hayek, I didn’t read this in a friendly spirit, but I was persuaded by the big picture. We disagree about details – a lot of details – but the basic story is sound.
The countrys leading libertarian scholar sets forth the essential principles for a legal order that, in an age of limited government, balances individual liberty against the common good.. Richard Epstein, one of our countrys most distinguished legal scholars, sets out an authoritative set of principles that explains both the uses and the limits of government power. Drawing on the work of multiple disciplines, this book offers a thoroughly realized blueprint to guide us through political conflict in the troubled times ahead. }As government budgets come under political fire and free-market ideals spread, the legal and social principles of libertarian thought…
AO: I have been intrigued by the Adam and smith (a play on Adam Smith’s name due to K. Boulding) of social sciences ever since, as a graduate student, I was given the privilege to teach a history-of-thought course. I found a lot of wisdom in Smith’s works and continue to find it with every new read. BW: I first met Adam Smith when I was studying for my master’s degree in economics almost twenty years ago. Since then, I have enjoyed rereading him, always finding new sources of fascination and insights. For me, Smith's work is endlessly rich and remains astonishingly topical, three centuries after his birth.
This handbook, edited by three well-known Smith scholars, follows on from a conference organised for the 250th anniversary of the publication of Smith’s Theory of Moral Sentiments although it is not a proceedings volume.
The book has seven parts, each part featuring four chapters. These 28 chapters cover all bases, from an introductory outline of life, times, and legacy, over the importance of Smith’s unpublished work, the importance to Smith of rhetoric, ethics, aesthetics, theatre, and fashion, to Smith’s view on commerce and morality, his view on religion, and Smith’s legacy and influence, among many other topics.
Adam Smith (1723-90) is a thinker with a distinctive perspective on human behaviour and social institutions. He is best known as the author of the An Inquiry into the Nature and Causes of the Wealth of Nations (1776). Yet his work is name-checked more often than it is read and then typically it is of an uninformed nature; that he is an apologist for capitalism, a forceful promoter of self-interest, a defender of greed and a critic of any 'interference' in market transactions . To offset this caricature, this Handbook provides an informed portrait. Drawing on the expertise of leading…
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