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Law and Economics for Civil Law Systems 2nd ed


ISBN13: 9781788118255
Previous Edition ISBN: 9781848443099
Publisher: Edward Elgar Publishing Limited
Country of Publication: UK
Format: Hardback
Price: £153.00



This second edition of Law and Economics for Civil Law Systems substantially updates a unique volume that presents the core ideas of law and economics for audiences primarily familiar with civil law systems.

Ejan Mackaay offers a comprehensive look at the essential points of economic reasoning, the Coase Theorem, and legal institutions such as property, extra-contractual civil liability and contracts. The book’s structure mirrors the way law is taught in civil law countries, with structured presentations, references to civil code articles paired with non-technical explanations, and limited reliance on graphs. Building on the success of the 2008 edition of the French-language textbook on law and economics from a civil law perspective, this second English-language version appears alongside the 2021 edition of the French-language book.

This pioneering volume fills a critical gap in the literature of law and economics and will be an invaluable resource for academia, the judiciary, policy-makers, regulators and legal practitioners working in civil law systems.

Subjects:
Law and Economics
Contents:
Preface
1. Introduction to 'Law and Economics for Civil Law Systems'
PART I. FOUNDATIONS
2. Individual decision-making
3. Risk and insurance
4. Human interaction
5. The market order
6. The political order
7. Black markets
PART II. LEGAL INSTITUTIONS
8. The Coase Theorem
9. Property and real rights
10. Extra-contractual civil liability
11. Contract
12. Conclusion to 'Law and Economics for Civil Law Systems'
Index