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This is a history—though, intentionally, a brief history—of the rise of law and economics as a field of thought in the U.S. college and law school academy, though the field has expanded to Europe and South America and will expand further as other legal systems develop. This book explains the origins of the field and the sources of its growth during its formative period. It describes the intellectual roots of the field, and the field’s relationship to the understanding of the role of the legal system in directing the functioning of the economy. It describes the effect of the Great Depression and the expansion of governmental power on advancing the functional approach. The book then addr...
Over the past two decades, the United States has seen a dramatic increase in the number and magnitude of punitive damages verdicts rendered by juries in civil trials. Probably the most extraordinary example is the July 2000 award of $144.8 billion in the Florida class action lawsuit brought against cigarette manufacturers. Or consider two recent verdicts against the auto manufacturer BMW in Alabama. In identical cases, argued in the same court before the same judge, one jury awarded $4 million in punitive damages, while the other awarded no punitive damages at all. In cases involving accidents, civil rights, and the environment, multimillion-dollar punitive awards have been a subject of inte...
"Looks at the ways in which the legal system, the contents of specific laws, judicial doctrines, and regulation, as well as the legal processes - affects innovation and growth." - preface.
Deregulating the legal profession will benefit society by improving access to legal services and the efficacy of public policies. Lawyers dominate a judicial system that has come under fire for limiting access to its services to primarily the most affluent members of society. Lawyers also have a pervasive influence throughout other parts of government. This is the first book offering a critical comprehensive overview of the legal profession's role in failing to serve the majority of the public and in contributing to the formation of inefficient public policies that reduce public welfare. In Trouble at the Bar, the authors use an economic approach to provide empirical support for legal reform...
The colossal figures who shaped the politics of industrial America emerge in full scale in this comparative biography. In the depth and sophistication of intellect that they brought to politics and in the titanic conflict they waged, Roosevelt and Wilson were, like Hamilton and Jefferson before them, the political architects for an entire century.
"This 'Liber amicorum' was launched on the occasion of Professor William E. Kovacic's retirement from the U.S. Federal Trade Commission where he served as Commissioner from January 2006 to October 2011, as the Chairman from March 2008 to March 2009, and as a General Counsel from 2001 through 2004. This Volume I pays tribute to William Kovacic's work as a professor, public official and "international entrepreneur, " which has tremendously contributed to the development of the U.S. and international antitrust law. This first volume includes 31 contributions by his colleagues and friends mainly from the United States, and it is divided into two sections. Part I, entitled "An Antitrust Career, "...
"A remarkable work of slowed-down journalism...They are doing their jobs as journalists and writing the first draft of history." —Jill Filipovic, The Washington Post "...Generous but also damning." —Hanna Rosin, The New York Times From two New York Times reporters, a deeper look at the formative years of Supreme Court Justice Brett Kavanaugh and his confirmation. In September 2018, the F.B.I. was given only a week to investigate allegations of sexual misconduct against Brett Kavanaugh, President Trump's Supreme Court nominee. But even as Kavanaugh was sworn in to his lifetime position, many questions remained unanswered, leaving millions of Americans unsettled. During the Senate confirma...
Written for general readers of all religious backgrounds, Reason and Wonder introduces some of the most fruitful discussions now taking place between leading thinkers in science and theology. As Professor Priest writes in his Preface: ‘In this integrated approach, the notion of science as a monolithic concept is shattered. Instead, the sciences and humanities represent a rainbow tapestry, linked by a common search for understanding, using reason and imagination.’ This fascinating book includes accounts of key points of convergence in areas such as astrophysics, biology, mathematics, neuroscience and psychology, and ends with a stimulating set of questions for group discussion or personal...
Jules Coleman discusses the conflict between the goals of justice and economic efficiency in the allocation of risk, especially risk pertaining to safety.
Liability and Environment analyzes the role of law, in particular civil liability, in controlling environmental pollution and risk. In modern environmental policy, liability has become a popular instrument. In this book, Prof. Bergkamp takes a fresh look at civil liability for environmental harm in an inter- and transnational context. Over the last decade, industry's liability exposure for environmental harm has expanded significantly. At the international, EC, and national level proposals for onerous strict environmental liability regimes are pending. The `polluter pays principle', which is an articulation of the `cost internalization' theory in the environmental area, is believed to justif...