Abstract

It is a commonplace in legal scholarship to note that law and economics (or the economic analysis of law) has been one of the most influential academic innovations of the twentieth century. For example, one might plausibly argue that in North America law and economics is the default method of scholarship for most areas of the law. ¹ More realistically, perhaps, one might say that no one writing on legal topics today for a legal academic audience can afford to be unfamiliar with law and economics and expect his or her work to have an impact.