This accessible volume integrates wide-ranging economic methodologies with a vast array of legal subjects. Coverage includes the first-year law school curriculum along with institutions and doctrines comprising the core foundation of upper level legal study. Dedicated chapters introduce neoclassical economics, interest group theory, social choice, and game theory, and the book intersperses alternative methodological insights. The analysis synthesizes these methodologies with modern and classic case law, other legal materials, and policy discussions inspired by current events. Ideal for a law school seminar or capstone course, this unique volume is also perfectly suited for business school courses on legal methods and public policy. Professors will find a rich array of materials adaptable to varying pedagogical styles and substantive areas of emphasis. Students exploring these materials will emerge with a deeper understanding of law and economics and a greater appreciation of our lawmaking institutions.


Imprint: West Academic Publishing
Series: Coursebook
Publication Date: 07/27/2018

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“Stearns, Zywicki, and Miceli have written a fantastic book that has the potential to remake the field of law and economics. For the first time, one volume embraces the whole range of law and economics methodologies, including not only neoclassical economic analysis, but also game theory, public choice, and social choice, along with insights drawn from Austrian and behavioral economics, while also providing rich contemporary applications in both private and public law. With luck this book will reach students who are not immediately attracted to Chicago School microeconomics.”
– Michael E. DeBow, Steven Everett Wells Professor of Municipal Law, Cumberland School of Law

“This great volume, written by three extremely accomplished scholars in the field, covers an amazing amount of material. The coverage is comprehensive, accurate, and of high quality. One fascinating advantage of this book is that it takes the student from theory to case law – that is, from theory to application based on real cases. This book is extremely well suited to students taking a law school elective in Law and Economics, as well as to students in a related undergraduate program or in business school.”
– Keith N. Hylton, William Fairfield Warren Distinguished Professor, Boston University School of Law

“Stearns, Zywicki, and Miceli provide an incredibly broad-ranging and easily accessible journey through the economic concepts (broadly defined) that provide insight into virtually all legal subjects. This book serves as a primary text for multiple courses and as a supplemental text to several others. Within these covers is a veritable treasure trove of useful insights to legal policy questions, from eminent domain to gun control, comparative negligence, bank bailouts, offender registries, class action rules, line-item vetoes, choice of law, and literally hundreds more. You will wish to spend years inside!”
– Erin O’Hara O’Connor, Dean and McKenzie Professor of Law, Florida State University College of Law