The cotton industry has almost entirely opted out of the public legal system, replacing it with
one of the oldest and most complex systems of private commercial law. 1 Most contracts for …

This well-written book is the first to deal with entrepreneurship in all its aspects. It considers
the economic, psychological, political, legal and cultural dimensions of entrepreneurship …

This is a survey of economic analysis of law, that is, of the emerging field under which the
standard tools of microeconomics are employed to identify the effects of legal rules and their …

The Uniform Commercial Code,'the Convention on Con-tracts for the International Sale of
Goods, 2 and the modern Lex t Professor of Law, University of Chicago. I would like to thank …

A long and distinguished line of law-and-economics articles has established that in many
circumstances fully compensatory expectation damages are a desirable remedy for breach …

In this book, economist and evolutionary game theorist Daniel Freidman demonstrates that
our moral codes and our market systems, while often in conflict, are really devices evolved to …

The definition and creation of contract law is entrenched in a common understanding of the
strong role of the modern state in the administration of justice. This article argues that this …

Contract law governs agreements between parties. This paper contains the chapters on
contract law from a general, forthcoming book, Foundations of Economic Analysis of Law …

This paper contains the chapters on litigation and the legal process from a general,
forthcoming book, Foundations of Economic Analysis of Law (Harvard University Press …

Private institutions are complementary, both to contracts and the public and general
institutions of a society, in that they allow agents to collectively coordinate (and so benefit …