Law and Economics ― Theory / Practice

Gangapadhyay (director of the School of Hunitarian and Social Sciences, Shiv Nadar U., India) and Sathakumar (Azim Premji U., India) explain the theory and practice of the law and economics approach to economic analysis utilizing case materials from India, with (as the two volumes' subtitles of "theory" and "practice" indicate) the first volume covering theory and the second covering applications to laws and legal issues. The main intended audiences for the work are practicing lawyers and economists who may not have a studied the other discipline and it is therefore written in a manner that does not require the interventions of a classroom instructor. The first volume on theory covers property rights, intellectual property, public property and public rights over property, contract laws, tort laws, economics of crime, and legal and judicial processes. The second on applications includes chapters on eminent domain and just competition, patent law, pharmaceutical patents and film industry copyrights, contract law, business outsourcing, tort law, efficiency of liability rules, the Indian Electricity Act, initial public offerings institutions, and legal and judicial process in India. Annotation c2013 Book News, Inc., Portland, OR (booknews.com)