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Lucid, comprehensive, and definitive in its field, this text covers every aspect of economic analysis of the law, from common law, corporate and commercial law, and public international law to family law, evidence law, and the economic theory of democracy.
This edition highlights a variety of new information, keeping it timely and topical: The corporations chapter is revised and updated significantly in light of Enron and other corporate scandals; and Congress's response in the Sarbanes-Oxley ActAn exciting new field of economics'organizational economics'is now included, with particular reference not only to corporations but also to nonprofits, law firms, and the judiciary. The rapidly expanding interest in the legal regulation of national security and foreign affairs (torture issues, executive power, the USA Patriot Act, etc.) requires the addition of the interesting economic issues presented by such regulation. Expanded coverage of foreign law, of which there is increased interest, both substantive and institutional, and both national and supranational (e.g., European Union) throughout the book. New insights in the chapter on contracts are drawn from the author's recent scholarly work on contract lawSince intellectual property is perhaps the hottest field in law today, the author incorporates some ideas from a book he recently coauthored with William Landes on the economic structure of intellectual property law.

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Richard A. Posner

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