Economic Analysis for Lawyers - Hardcover

The purpose of this casebook is to teach the principles of microeconomics. Economic Analysis for Lawyers presumes no prior training in economics and uses the same building block approach that is found in most microeconomics principles textbooks that are used in undergraduate economics classes. This book includes excerpted cases and other materials that illustrate the applicability of the economic principles to legal disputes and public policy issues. Fundamental principles are introduced in the first four chapters. Subsequent chapters build on these fundamentals by adding a detailed and sophisticated analysis in the general areas of monopoly, externalities, information, labor markets, risk, organizational economics, and financial economics. The Third Edition adds new chapters on labor markets and crime and punishment. The result is a thorough introduction to the principles of microeconomics.

Henry Butler is a George Mason University Foundation Professor of Law and Executive Director of the Law & Economics Center at George Mason University School of Law. Christopher Drahozal is Associate Dean for Research & Faculty Development and a John M. Rounds Professor of Law at the University of Kansas School of Law. Joanna Shepherd is a Professor at Emory Law School.