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The Economics of Law An Introductory Text by Cento G. Veljanovski

The Economics of Law An Introductory Text


The Economics of Law An Introductory Text by Cento G. Veljanovski

Economic analysis is increasingly being applied beyond its traditional precincts of the marketplace and the economy. One area where this has happened is in the economic approach to law: the application of economic theory (mostly price theory) and statistical methods to examine the formation, structure, processes and impact of the law and legal institutions. In this new and revised edition of The Economics of Law , Cento Veljanovski provides an introduction to, and overview of, the economic analysis of law. This book shows the importance of economic analysis to legal theory and practice, and provides a reliable introduction to property rights, cost-benefit analysis, public choice theory and other economic approaches, set in the context of the study of the law. The Economics of Law will be essential reading for scholars and students in law and economics as well as related disciplines.

About the Author

Cento Veljanovski is managing partner of Case Associates, a competition and regulatory economics practice, an Institute of Economic Affairs fellow in law and economics, and adjunct senior fellow at the Centre for Regulation and Market Analysis, University of South Australia. He is the author of Economic Principles of Law. Geoffrey E. Wood is a professor of economics at the City University Business School, London. He is the author Explorations in Economic Liberalism, and coauthor of several books, including Cost of Raising Capital: A Comparative Study of the Effects of Pre-emption Rights; Reforming the Governance of the Financial Sector; and The Structure of Financial Regulation.

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Book Info

Publication date

20th September 2006


Cento G. Veljanovski

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Institute of Economic Affairs


188 pages


Systems of law



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