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An introduction to law and economics item preview remove circle share or embed this item embed embed for wordpresscom hosted blogs and archiveorg item description tags want more advanced embedding details examples and help no favorite share . Chapter 1 introduction to law eco nomics u chicago law economics olin working paper no 106 posner richard a in his approach to antitrust posner argues for a neoclassical approach. Distinguished by brevity lucid writing and well chosen examples an introduction to law and economics now in its fifth edition focuses on a set of core topics that include property contracts torts criminal law and litigationavoiding specialized jargon and mathematics polinsky teaches students how to think like an economist and understand legal issues from an economic perspective. An introduction to law and economics positive and normative economic analysis the central preoccupation of economics is the question of choice under con ditions of scarcity given scarcity economics assumes that individuals and communities will or should attempt to maximise their desired ends which. 1 an introduction to law and economics 1 our citation style is a variant of the legal citation style most commonly used in the united states here is what the citation means the author of the article from which the quotation was taken is oliver wendell