Economics and the Law

OLD BOOKS AND ARTICLES WORTH RECONSIDERING

THE ECONOMICS OF CONTRACT LAW. BY ANTHONY T. KRONMAN AND RICHARD A. POSNER. BOSTON: LITTLE, BROWN & CO. 1979.

It is just over 25 years ago that Little Brown published this book by Posner and Kronman. The book itself is a compilation of essays that considers the economic implications of substantive concepts of contract law. The essays are placed into sections with notes that consider various aspects of contract law under the guide of economic analysis. Given the effect that the economic analysis school has had on contracts and the law, this book is this week’s 25 year anniversary memorial. Interestingly, it is sometimes described as having a 1978 publication date and sometimes a 1979 publication date. That issue though is for the copyright lawyers to consider.

[Stephen Safranek]