ECON 408 Economic Analysis of the Law
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The ECON 408 Economic Analysis of law course applies the tools of microeconomic theory to the examination of lawful rules and institutions. More precisely, argument recurred whenever financial analysts of law addressed additional doctrinal areas. More often than not, the overview of economic analysis into the study of a doctrine converted that area of scholarship. For a time, economic analysis conquered the study of personal law within the United States; arguably it still dominates, though a healthy resurgence of moral accounts of those areas has recently emerged to challenge economic analysis of personal law. First, a comprehensive theory of law begins with a characterization of the character of law. This component distinguishes law both from other normative systems like morality, religion, and social conventions like etiquette but also from coercion and politics.
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