The Economics of Law

194 Pages Posted: 10 Oct 2006

See all articles by Cento Veljanovski

Cento Veljanovski

Case Associates; Institute of Economic Affairs


In this second edition of The Economics of Law, an introduction to, and overview of, the economic analysis of law is provided. The text covers the history of the economics of law, the difference between economic and legal reasoning, basic economic concepts, and application of economics to tort and crime, and has been expanded to cover the economics of competition law and regulation. The first edition owas one of the first non-US introductions to the economics of law. This edition has been described by Professor Sam Peltzman, general editor of the Journal of Law & Economics, as the most lucid exposition of the topic I've seen, and I am recommending to all who ask 'what's this law and econ stuff about'.

Keywords: economics of law, tort, crime, competition law, regulation

JEL Classification: K10, K11, K14, K21, K32, L40, L51

Suggested Citation

Veljanovski, Cento, The Economics of Law. Institute of Economics Affairs Hobart Paper No. 157, Available at SSRN: or

Cento Veljanovski (Contact Author)

Case Associates ( email )

96 Kensington High Street
London, W8 4SG
United Kingdom
+44 (0)20 73764418 (Phone)


Institute of Economic Affairs

2 Lord North Street, Westminster
London, SW1P 3LB
United Kingdom

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
PlumX Metrics