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Book cover of Law and Economics: An Introductory Toolkit for Lawyers by Robin Paul Malloy

Law and Economics: An Introductory Toolkit for Lawyers

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English

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Book Description

Law and economics are both subjects that address human behavior and the process of choice. Law provides the infrastructure of economic activity, and economic activity fuels the need for law. Therefore, it is not surprising that lawyers use economic concepts in practice, and economic ideas influence the opinions of judges. Consequently, lawyers need to develop an understanding of core economic concepts if they hope to compete in the contemporary legal marketplace. This requires an understanding of concepts like choice, risk, efficiency, cost and benefit analysis, externalities, transaction costs, value, and supply and demand, among others. Law and Economics: An Introductory Toolkit for Lawyers offers the tools needed to learn these concepts and to build a vocabulary in business and economics. The book can be used on its own or as a supplement for a variety of courses. It also provides an ideal introduction for business school and other non-law school users.Book highlights include: Clear organization based on twelve frequently referenced Core Concepts; Core Concepts that include references to important Ancillary Concepts; Explanations of concepts that help to enhance business and economics vocabulary; Straightforward illustrations and examples to aid in comprehension; A glossary of common terms; and A structure that is flexible enough to be read cover to cover or by Core Concept in any order.
Author portrait of Robin Paul Malloy

Robin Paul Malloy

Professor Robin Paul Malloy is the E.I. White Chair and Distinguished Professor of Law, and the Kauffman Professor of Entrepreneurship and Innovation. He is a leading expert on property, real estate transactions, land use law and zoning, and on law, markets, and marketization. He is a pioneer in his work at the intersection of land use law and disability law. Several of his works on market theory and law are translated into Chinese, Spanish, and Japanese. Professor Malloy has published nineteen books (4 with Cambridge University Press) and over 30 scholarly articles, in addition to numerous book chapters and essays. His latest book is titled Law and the Invisible Hand; A Theory of Adam Smith’s Jurisprudence (Cambridge 2021). He is a series editor on collections for Cambridge University Press, Routledge, and Edward Elgar. Malloy’s casebook on Real Estate Transactions (with Smith, now in its 5th edition) is the leading book on the subject and is used at law schools across the country. His casebook on Land Use Law and Zoning is now in its second edition (with Malagrino). Malloy has been the Sun Life Research Fellow at Oxford University, U.K.; the Dickenson Dees Fellow at University of Durham, U.K.; and for three consecutive summers served as a teaching fellow in China (Beijing and Shanghai) with the Committee on Legal Education Exchange with China. He currently serves on the International Advisory Board for the Law and Economics Program at St. Gallens University, Switzerland, and is a member of the Turin School of Local Regulation, Turin, Italy. Malloy is the founding president of the Association for Law, Property, and Society. He Currently serves on the Board of the Veterans Heath Research Institute of CNY. He served on the Board of the National Italian American Bar Association for 20 years and was Vice Chair of the Zoning Board of Appeal for the Town of DeWitt, NY for 10 years. He has also served on numerous committees of the Association of American Law Schools.
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