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Origins of Law and Economics: The Economists' New Science of Law, 1830-1930

Heath Pearson
Format
Book
Published
New York : Cambridge University Press, 1997.
Language
English
Series
Historical Perspectives on Modern Economics
ISBN
0521581435, 9780521581431
Related Resources
Table of contents Publisher description
Summary
This work analyzes the centrality of law in nineteenth-century historical and institutional economics and serves as a prehistory to the new institutional economics of the late twentieth century. Starting around 1830 the "new science of law" aimed to explain the working rules of human society by using the methodological individualist terms of economic discourse, stressing determination and evolutionism. The new science employed the concept of an invariant homo oeconomicus, which had the effect of reducing law's diversity to diversity in the economic or transactional environment. A special premium was attached to covering laws that could account for the longitudinal and cross-sectional diversity of social experience. By this definition, the college of the new science included members of the German and English historical schools, notably Wilhelm Roscher, Karl Knies, Gustav Schmoller, Adolph Wagner, and Karl Bucher, early American institutionalists such as John R.
Commons, and others such as Emile de Laveleye, Carl Menger, Achillee Loria, and Max Weber.
Contents
  • 1. A new science
  • 2. Toward a normal science
  • 3. Ghosts in the machine
  • 4. A new normative science: Institutional success and failure
  • 5. The way to oblivion
  • Epilogue: The "new" new science of law, ca. 1965-1995.
Description
viii, 202 pages ; 24 cm.
Notes
Includes bibliographical references (pages 176-198) and index.
Technical Details
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