Loading...
Book Review: Guido Calabresi’s The Future of Law & Economics
Porrata-Doria, Rafael A., Jr. Grondona, Mauro
Porrata-Doria, Rafael A., Jr.
Grondona, Mauro
Citations
Altmetric:
Genre
Book review
Date
2016
Advisor
Committee member
Group
Department
Subject
Permanent link to this record
Collections
Research Projects
Organizational Units
Journal Issue
DOI
http://dx.doi.org/10.34944/dspace/6307
Abstract
Judge Guido Calabresi’s new book, The Future of Law & Economics: Essays in Reform and Recollection, is a passionate and convincing intellectual tour-de-force. It puts into context one of the most discussed (and controversial) issues in modern legal and economic thought: the appropriate relationship between law and economics. In eight clear and elegant essays, Judge Calabresi clarifies misconceptions involving the relationship between law and economics, convincingly concludes that economic analysis can be a useful tool in analyzing legal norms, enumerates the concepts that economic theorists must consider in order to effectively analyze the law, and shows how these concepts can be integrated into economic theory. In the first part of this review, and in order to put law and economics into context, we will enumerate the various approaches that scholars have used to analyze law and legal system. As we move into the relationship into law and economics, we will note Judge Calabresi’s distinction between the economic analysis of law and law and economics, a distinction that is often disregarded. We will then consider one of principal questions that Judge Calabresi asks in the book: what economics can do for law. Since many scholars have viewed the economic analysis of law as a common law phenomenon, we will then consider whether the answer to the previous question depends on the nature of the legal system involved. Lastly, we will briefly describe the concepts that Judge Calabresi feels need to be incorporated into economic analysis in order to make it a truly useful tool to use in the consideration of legal norms.
Description
Citation
Rafael A. Porrata-Doria, Jr. & Mauro Grondona, Book Review: Guido Calabresi’s The Future of Law & Economics, 523 ITA. L.J. 2 (2016). Available at: http://www.theitalianlawjournal.it/data/uploads/pdf/2-2016/ItaLJ-vol-02-No-02-(2016).pdf
Citation to related work
Edizioni Scientifiche Italiane
Has part
The Italian Law Journal, Vol. 2, No. 2 (2016)
ADA compliance
For Americans with Disabilities Act (ADA) accommodation, including help with reading this content, please contact scholarshare@temple.edu