Edited by Richard O. Zerbe,Daniel J. Evans Distinguished Professor and Director, Center for Benefit-Cost Analysis, University of Washington, US

• Contents:AcknowledgementsIntroduction The Development of Economic Efficiency in Law - Richard O. Zerbe Jr.PART IAPPLICATIONS OF ECONOMIC EFFICIENCY TO LAW 1. Arnold C. Harberger (1971), ‘Three Basic Postulates for Applied Welfare Economics: An Interpretive Essay’2. Steven Shavell (1981), ‘A Note on Efficiency vs. Distributional Equity in Legal Rulemaking: Should Distributional Equity Matter Given Optimal Income Taxation?’3. Louis Kaplow and Steven Shavell (1994), ‘Why the Legal System is Less Efficient than the Income Tax in Redistributing Income’4. Jonathan R. Macey and Maureen O’Hara (1999), ‘Regulating Exchanges and Alternative Trading Systems: A Law and Economics Perspective’5. Ugo Mattei (1994), ‘Efficiency in Legal Transplants: An Essay in Comparative Law and Economics’6. Alan Schwartz and Joel Watson (2004), ‘The Law and Economics of Costly Contracting’PART IILIMITATIONS OF EFFICIENCY 7. Robert D. Cooter (1987), ‘Liberty, Efficiency, and Law’8. Homer Kripke (1985), ‘Law and Economics: Measuring the Economic Efficiency of Commercial Law in a Vacuum of Fact’9. Mario J. Rizzo (1979-1980), ‘The Mirage of Efficiency’PART IIIUTILITARIANISM AND WEALTH MAXIMIZATION10. Richard A. Posner (1979), ‘Utilitarianism, Economics, and Legal Thought’11. Anthony T. Kronman (1980), ‘Wealth Maximization as a Normative Principle’12. Richard A. Posner (1985), ‘Wealth Maximization Revisited’PART IVMORALITY OF EFFICIENCY 13. Richard O. Zerbe, Jr. (2007), ‘The Legal Foundation of Cost-Benefit Analysis’14. Mark D. White (2006), ‘A Kantian Critique of Neoclassical Law and Economics’15. Russell Hardin (1992), ‘The Morality of Law and Economics’16. Richard O. Zerbe, Jr. (2006), ‘Justice and the Evolution of Common Law’PART VOTHER CONCEPTS OF EFFICIENCY 17. John Rawls (1958), ‘Justice as Fairness’18. Amartya Sen (1993), ‘Capability and Well-Being’19. Guido Calabresi (1991), ‘The Pointlessness of Pareto: Carrying Coase Further’20. Jonathan Klick and Francesco Parisi (2004), ‘Wealth, Utility, and the Human Dimension’21. Richard O. Zerbe, Jr. (1998), ‘Response: An Integration of Equity and Efficiency’

Edited by Richard O. Zerbe,Daniel J. Evans Distinguished Professor and Director, Center for Benefit-Cost Analysis, University of Washington, US

• Contents:AcknowledgementsIntroduction The Development of Economic Efficiency in Law - Richard O. Zerbe Jr.PART IAPPLICATIONS OF ECONOMIC EFFICIENCY TO LAW 1. Arnold C. Harberger (1971), ‘Three Basic Postulates for Applied Welfare Economics: An Interpretive Essay’2. Steven Shavell (1981), ‘A Note on Efficiency vs. Distributional Equity in Legal Rulemaking: Should Distributional Equity Matter Given Optimal Income Taxation?’3. Louis Kaplow and Steven Shavell (1994), ‘Why the Legal System is Less Efficient than the Income Tax in Redistributing Income’4. Jonathan R. Macey and Maureen O’Hara (1999), ‘Regulating Exchanges and Alternative Trading Systems: A Law and Economics Perspective’5. Ugo Mattei (1994), ‘Efficiency in Legal Transplants: An Essay in Comparative Law and Economics’6. Alan Schwartz and Joel Watson (2004), ‘The Law and Economics of Costly Contracting’PART IILIMITATIONS OF EFFICIENCY 7. Robert D. Cooter (1987), ‘Liberty, Efficiency, and Law’8. Homer Kripke (1985), ‘Law and Economics: Measuring the Economic Efficiency of Commercial Law in a Vacuum of Fact’9. Mario J. Rizzo (1979-1980), ‘The Mirage of Efficiency’PART IIIUTILITARIANISM AND WEALTH MAXIMIZATION10. Richard A. Posner (1979), ‘Utilitarianism, Economics, and Legal Thought’11. Anthony T. Kronman (1980), ‘Wealth Maximization as a Normative Principle’12. Richard A. Posner (1985), ‘Wealth Maximization Revisited’PART IVMORALITY OF EFFICIENCY 13. Richard O. Zerbe, Jr. (2007), ‘The Legal Foundation of Cost-Benefit Analysis’14. Mark D. White (2006), ‘A Kantian Critique of Neoclassical Law and Economics’15. Russell Hardin (1992), ‘The Morality of Law and Economics’16. Richard O. Zerbe, Jr. (2006), ‘Justice and the Evolution of Common Law’PART VOTHER CONCEPTS OF EFFICIENCY 17. John Rawls (1958), ‘Justice as Fairness’18. Amartya Sen (1993), ‘Capability and Well-Being’19. Guido Calabresi (1991), ‘The Pointlessness of Pareto: Carrying Coase Further’20. Jonathan Klick and Francesco Parisi (2004), ‘Wealth, Utility, and the Human Dimension’21. Richard O. Zerbe, Jr. (1998), ‘Response: An Integration of Equity and Efficiency’