Law and Economics, Science and Politics

Law and History Review

Volumn 15, Issue 2, 1997, Pages 323-326

  Duxbury, Neil ^a  

^a UNIVERSITY OF MANCHESTER   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0041405944     PISSN: 07382480     EISSN: 19399022     Source Type: Journal    
DOI: 10.2307/827654     Document Type: Article

References (19)

1. James R. Hackney, Jr., “Law and Neoclassical Economics: Science, Politics, and the Reconfiguration of American Tort Law Theory,” Law and History Review 15 (1997):275-322.
2. “Law and Neoclassical Economics: Science, Politics, and the Reconfiguration of American Tort Law Theory,”., 277.
3. Morton J. Horwitz, “Law and Economics: Science or Politics?” Hofstra Law Review 8 (1980): 905.
4. Hackney, “Law and Neoclassical Economics,” 275.
5. “Law and Neoclassical Economics,”., 277.
6. “Law and Neoclassical Economics,”., 276.
7. “Law and Neoclassical Economics,”…, 276, n. 6 (quoting from Carl Schorske, “1987 Charles Homer Haskins Lectures of the American Council of Learned Societies,” in Life of Learning, ed. Douglas Greenberg and Stanley N. Katz [New York: Oxford University Press, 1994], 53, 64).
8. Hackney, “Law and Neoclassical Economics,” 276-77, n. 9.
9. See, e.g., Ward S. Bowman, Jr., Patent and Antitrust Law: A Legal and Economic Appraisal (Chicago: University of Chicago Press, 1973), 57-60; Richard A. Posner, Antitrust Law: An Economic Perspective (Chicago: University of Chicago Press, 1976), x; and Robert H. Bork, The Antitrust Paradox: A Policy at War with Itself (New York: Basic Books, 1978), ix.
10. See, in particular, the remarks about Director in Edmund W. Kitch, ed., “The Fire of Truth: A Remembrance of Law and Economics at Chicago, 1932-1970,” Journal of Law and Economics 26 (1983): 163.
11. See Neil Duxbury, Patterns of American Jurisprudence (Oxford: Clarendon Press, 1995), 341-48.
12. See Patterns of American Jurisprudence., 343, especially the quotations and comments accompanying notes 218 and 219.
13. Hackney, “Law and Neoclassical Economics,” 314.
14. “Law and Neoclassical Economics,”., 310. Later Hackney states that “Calabresi broke from this subjectivist assumption” (“Law and Neoclassical Economics,”., 315).
15. “Law and Neoclassical Economics,”., 311.
16. “Law and Neoclassical Economics,”…, 312.
17. “Law and Neoclassical Economics,”…., 315.
18. For Calabresi, justice must be regarded “as a veto or constraint on what can be done to achieve cost-reduction,” as “a final test which any system of accident law must pass.” See Guido Calabresi, The Costs of Accidents: A Legal and Economic Analysis (New Haven: Yale University Press, 1970), 24, n. 1.
19. See, e.g., The Costs of Accidents: A Legal and Economic Analysis., 79: “The classical economist will show ad nauseam that those who were made better off by moving to a free market choice system based on full costs could more than compensate those who were made worse off. The problem is that such hypothetical compensation rarely comes about. It may be too expensive; it may be made feasible only through the levying of taxes that misallocate resources grievously; or it may be politically impossible to accomplish. In all such cases, the theoretical desirability of the totally free market approach has little significance in practice.” Making a case for Calabresi's work as standing outside the neoclassical tradition becomes easier-and this is but an extension of point 2, above-if one considers his writings subsequent to The Costs of Accidents. See, e.g., Calabresi, “About Law and Economics: A Letter to Ronald Dworkin,” Hofstra Law Review 8 (1980): 553, 556-59.