Download This PaperIf You Can’t Beat Them, Join Them: Richard Posner and Behavioral Law and Economics
History of Economic Ideas
8 Pages Posted: 8 May 2023
Date Written: April 26, 2023
Abstract
Since its publication in 1973, Economic Analysis of Law (the Treatise) by Richard Posner has been recognized as the canonical treatise in the field. Given this status, observing changes over time in the different editions of the book can highlight substantial and methodological shifts in the area. On this backdrop, this brief essay highlights Posner’s change of attitude towards behavioral analysis of law over the years, culminating with the incorporation of behavioral insights into the last edition of his book, published in 2014.
The essay is forthcoming in a special issue of History of Economic Ideas, on the occasion of 50 years since the publication of the first edition of Posner's book Economic Analysis of Law
Keywords: Richard Posner, Law and Economics, Behavioral Law and Economics, Economic Rationality, Judgement and Decision-making
JEL Classification: B2, B21, B31, B41, D01, D03, K00, K1
Suggested Citation: Suggested Citation
Eyal Zamir
Hebrew University of Jerusalem - Faculty of Law ( email )
Mount Scopus
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Israel
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