The economic analysis civil law

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This comprehensive and established book, originally published in German, introduces a new approach to law and economics in civil law. Authored by two prominent European scholars, it offers an accessible economic analysis of tort law, contract law, and property law, emphasizing legal cases and doctrines from civil law. The authors begin by reviewing key concepts of normative and positive economics and their connections to institutional economics. They then delve into the economic rationales of tort law and explore various related concepts. The examination of contracts includes sales contracts, quasi contracts, and pre-contractual duties, which are significant in civil law jurisdictions. Additionally, the book provides an extensive overview of the economic functions and legal forms of property law. Throughout, the authors analyze the complexities of civil law through the lens of economic theory, illustrating how legal forms in civil law often contribute to enhancing a nation's wealth. This volume stands out as the first law and economics textbook focused on civil law, integrating legal doctrines with economic reasoning. It requires no prior knowledge of economics or law, making it an essential resource for students in law, law and economics, and business administration, as well as academics and practitioners seeking insight into this area.