Key features include:

This substantially revised second edition presents the latest insights into legal economic research, including important empirical and behavioural deliberations. It will be a valuable guide for advanced undergraduate and postgraduate students of law and economics.

Scholars from countries both in and outside of the EU provide a full stocktake of the political and economic benefits of EU membership. They critically assess monetary integration and the path it has followed in the wake of the global financial crisis. Chapters delineate key comparisons between the EU and other governance models, between EU members and non-EU members, and between euro and non-euro member States of the Union.

Students of law, economics and politics will benefit from this timely book. It should also be of interest to policymakers around the world who interact with EU countries and those who may be contemplating similar forms of economic and monetary integration in their region.

Why law is critical to innovation and economic growthSustained growth depends on innovation, whether it''s cutting-edge software from Silicon Valley, an improved assembly line in Sichuan, or a new export market for Swaziland''s leather. Developing a new idea requires money, which poses a problem of trust. The innovator must trust the investor with his idea and the investor must trust the innovator with her money. Robert Cooter and Hans-Bernd Schäfer call this the "double trust dilemma of development." Nowhere is this problem more acute than in poorer nations, where the failure to solve it results in stagnant economies.In Solomon''s Knot, Cooter and Schäfer propose a legal theory of economic growth that details how effective property, contract, and business laws help to unite capital and ideas. They also demonstrate why ineffective private and business laws are the root cause of the poverty of nations in today''s world. Without the legal institutions that allow innovation and entrepreneurship to thrive, other attempts to spur economic growth are destined to fail.

The Handbook focuses particularly on how the development of EU law negotiates the tension between market integration, national sovereignty and political democracy. The book begins with chapters examining constitutional issues, while further chapters address the establishment of a single market. The volume also addresses sovereign debt problems by providing a detailed analysis of the architecture of the EU''s monetary institutions, its monetary policy and their implications.

The depth and breadth of the Handbook''s coverage make it an essential reference for students, scholars and policymakers interested in the complexities of the European Union.

Contributors: H. Brucker, F. Cafaggi, E. Carbonara, T. Eger, M.G. Faure, J. Fidrmuc, N. Garoupa, F. Gomez, M.J. Holler, P.C. Leyens, B. Luppi, A. Nicita, R. Pardolesi, F. Parisi, J. Pelkmans, H.-B. Schafer, H. Siekmann, G. Tsebelis, S. Voigt, H.-J. Wagener

Dieses Buch enthält die Grundlagen der ökonomischen Analyse des Rechts und ihrer Anwendung auf das deutsche Zivilrecht. Es bietet eine umfassende Darstellung dieser Forschungsrichtung, in der die Normen und Regelungsprobleme mit den Mitteln ökonomischer Theorie analysiert und bewertet werden. Behandelt werden zentrale Bereiche des Zivilrechts, insbesondere das Delikts-, Vertrags-, und Sachenrecht, das Immaterialgüterrecht sowie Grundprobleme des Insolvenzrechts und die Grundzüge des Unternehmensrechts. Bei der Analyse rechtlicher Regeln des Gesetzesrechts und des Richterrechts wird gezeigt, inwieweit diesen ökonomische Kriterien immanent zugrunde liegen und inwieweit derartige Kriterien für die Rechtsanwendung und Rechtsfortbildung fruchtbar gemacht werden können. Die 5. Auflage bringt das Buch insgesamt auf den neuesten Stand der wissenschaftlichen Diskussion und berücksichtigt die Europäisierung des Zivilrechts und die internationale Konkurrenz von Rechtsnormen. Einen neuen Schwerpunkt bildet der Einfluss der verhaltensökonomischen Forschung (behavioral economics) auf die ökonomische Analyse des Rechts.

Key features include:

This substantially revised second edition presents the latest insights into legal economic research, including important empirical and behavioural deliberations. It will be a valuable guide for advanced undergraduate and postgraduate students of law and economics.

Scholars from countries both in and outside of the EU provide a full stocktake of the political and economic benefits of EU membership. They critically assess monetary integration and the path it has followed in the wake of the global financial crisis. Chapters delineate key comparisons between the EU and other governance models, between EU members and non-EU members, and between euro and non-euro member States of the Union.

Students of law, economics and politics will benefit from this timely book. It should also be of interest to policymakers around the world who interact with EU countries and those who may be contemplating similar forms of economic and monetary integration in their region.

Why law is critical to innovation and economic growthSustained growth depends on innovation, whether it''s cutting-edge software from Silicon Valley, an improved assembly line in Sichuan, or a new export market for Swaziland''s leather. Developing a new idea requires money, which poses a problem of trust. The innovator must trust the investor with his idea and the investor must trust the innovator with her money. Robert Cooter and Hans-Bernd Schäfer call this the "double trust dilemma of development." Nowhere is this problem more acute than in poorer nations, where the failure to solve it results in stagnant economies.In Solomon''s Knot, Cooter and Schäfer propose a legal theory of economic growth that details how effective property, contract, and business laws help to unite capital and ideas. They also demonstrate why ineffective private and business laws are the root cause of the poverty of nations in today''s world. Without the legal institutions that allow innovation and entrepreneurship to thrive, other attempts to spur economic growth are destined to fail.

The Handbook focuses particularly on how the development of EU law negotiates the tension between market integration, national sovereignty and political democracy. The book begins with chapters examining constitutional issues, while further chapters address the establishment of a single market. The volume also addresses sovereign debt problems by providing a detailed analysis of the architecture of the EU''s monetary institutions, its monetary policy and their implications.

The depth and breadth of the Handbook''s coverage make it an essential reference for students, scholars and policymakers interested in the complexities of the European Union.

Contributors: H. Brucker, F. Cafaggi, E. Carbonara, T. Eger, M.G. Faure, J. Fidrmuc, N. Garoupa, F. Gomez, M.J. Holler, P.C. Leyens, B. Luppi, A. Nicita, R. Pardolesi, F. Parisi, J. Pelkmans, H.-B. Schafer, H. Siekmann, G. Tsebelis, S. Voigt, H.-J. Wagener

Dieses Buch enthält die Grundlagen der ökonomischen Analyse des Rechts und ihrer Anwendung auf das deutsche Zivilrecht. Es bietet eine umfassende Darstellung dieser Forschungsrichtung, in der die Normen und Regelungsprobleme mit den Mitteln ökonomischer Theorie analysiert und bewertet werden. Behandelt werden zentrale Bereiche des Zivilrechts, insbesondere das Delikts-, Vertrags-, und Sachenrecht, das Immaterialgüterrecht sowie Grundprobleme des Insolvenzrechts und die Grundzüge des Unternehmensrechts. Bei der Analyse rechtlicher Regeln des Gesetzesrechts und des Richterrechts wird gezeigt, inwieweit diesen ökonomische Kriterien immanent zugrunde liegen und inwieweit derartige Kriterien für die Rechtsanwendung und Rechtsfortbildung fruchtbar gemacht werden können. Die 5. Auflage bringt das Buch insgesamt auf den neuesten Stand der wissenschaftlichen Diskussion und berücksichtigt die Europäisierung des Zivilrechts und die internationale Konkurrenz von Rechtsnormen. Einen neuen Schwerpunkt bildet der Einfluss der verhaltensökonomischen Forschung (behavioral economics) auf die ökonomische Analyse des Rechts.