The Language of Law and Economics

From a historical perspective, 'law and economics' was one of the most influential developments in legal scholarship in the twentieth century; it remains today one of the dominant perspectives on the law, generating a tremendous quantity of new research and discussion. Unfortunately, the rewards of applying the analytical methods of one highly technical field to the historically layered substance of another has resulted in considerable overhead, requiring fluency in both the language of economics and the language of the law. Further complicating matters, law and economics has sometimes developed independently, creating new terms, while recasting others from their original economic or legal meanings. In this dictionary of law and economics, Francesco Parisi provides a comprehensive and concise guide to the language and key concepts underlying this fecund interdisciplinary tradition. The first reference work of its kind, it will prove to be an invaluable resource for professionals, students and scholars.
A dictionary of the key concepts and terminology of modern law and economics, for professionals, students and scholars.
Francesco Parisi is the Oppenheimer Wolff and Donnelly Professor of Law at the University of Minnesota and Professor of Economics at the University of Bologna.
'Professor Francesco Parisi, a leading, and extremely prolific law and economics scholar, benefits both the legal and economic communities with this comprehensive and very timely law and economics dictionary. It is not only law and economics scholars who should have this magnificent volume on their shelves, but also lawyers and economists, both academicians and practitioners, who wish to have ... better access to that important field.' Ariel Porat, Tel Aviv University