Law and Economics versus Economic Analysis of Law

Geoffrey P. Miller

New York University School of Law

April 7, 2011

NYU Law and Economics Research Paper No. 11-16

This paper distinguishes law and economics – conceived as an equal partnership between two disciplines – and economic analysis of law, conceived as the application of economic reasoning to legal rules and institutions. I explore the difference by contrasting Robert Aumann’s economic analysis of a text from the Talmud with an analysis of the same text conducted from within the framework of law and economics. The paper demonstrates that law and economics and economic analysis of law offer complementary means for obtaining information about the social world.

Number of Pages in PDF File: 14

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Date posted: April 8, 2011 ; Last revised: June 20, 2011

Suggested Citation

Miller, Geoffrey P., Law and Economics versus Economic Analysis of Law (April 7, 2011). NYU Law and Economics Research Paper No. 11-16. Available at SSRN: http://ssrn.com/abstract=1804920 or http://dx.doi.org/10.2139/ssrn.1804920

Contact Information

Geoffrey P. Miller (Contact Author)
New York University School of Law ( email )
Center for the Study of Central Banks
40 Washington Square South
New York, NY 10012-1099
United States
212-998-6329 (Phone)
212-995-4590 (Fax)
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