Economic analysis of the Act Posner

Richard Posner of a., a judge on the United States 7th appeal of Court of and lecturer at the University of Chicago law school, is one of the leading figures in the field of law and economics. This specialty applies economic principles to the study of the law. Posner wrote many books, but his "economic analysis of law" is one of the classics in the field. IdentificationPosner published his "economic analysis of law" in 1973. He argued that the judges do and economic principles should use your decisions.EffectsPosner noted to inform that judges should consider the potential impact of their decisions. In a study that is damage, for example, Posner wrote, that judges must consider the effect on future action populaire and impose the decision which most efficient .SignificanceEconomists - Ronald Coase and Gary Becker - economic and legal issues will be affected, but the Posner work provides first examples of a lawyer to analyze the Act store. Posner work has a huge impact between legal scholars.Expert InsightIn encyclopedia of law and economy, Posner observes that some areas of the law in the economy are online. Areas include tax, antitrust law, torts, intellectual property, contracts and even family law.Fun FactPosner and Economist Gary Becker - a Nobel Prize in economics - write the Becker-Posner blog on law and Economics in your shared blog.