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Principles of Law and Economics, Second Edition

  • Daniel H. Cole
  • Peter Z. Grossman
Series / Aspen Criminal Justice Series
Teaching Materials

Principles of Law and Economics is an undergraduate coursebook designed specifically for students with little or no background in economics. Written in a clear, jargon-free style, it provides an overview of the relationship between law and economics, including leading-edge topics such as environmental law, intellectual property law and game theory. Each chapter poses questions and problems to challenge and engage students. Thomas C. Schelling, the 2005 recipient of the Nobel Memorial Prize in Economic Sciences, endorses this text.

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Features of Principles of Law and Economics:

  • Accessible to undergraduates with little or no background in economics.
  • Clear, jargon-free analysis of case law, including United States v. Microsoft.
  • Introductory overviews of economic theory and the structure of the U.S. legal system.
  • Stimulating discussion of cutting-edge topics, such as environmental law, intellectual property and game theory.
  • Chapter format includes questions and problems to engage students.
  • Separate chapter on the work of Ronald Coase, foundational to modern law and economics.
  • Comprehensive Instructorand#8217;s Manual included.

*Instructor's Manuals are a professional courtesy offered to professors only. For more information or to request a copy, please contact Wolter's Kluwer Law andamp; Business at 800.529.7545 or

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Professor Materials
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About the authors
Daniel H. Cole

Daniel H. Cole is the R. Bruce Townsend Professor of Law and a member of the Affiliated Faculty of the Workshop in Political Theory and Policy Analysis at IU-Bloomington. He teaches and writes in the areas of Property, Natural Resources Law, Land Use, Environmental Protection, and Law Economics. He has also written extensively about Poland and Polish law. Since his arrival at Indiana University in 1991, Professor Cole has received numerous teaching awards, and he has published six books and more than forty law review articles and essays. His articles have been published in England, Italy, France, and the United States. One of his books, Instituting Environmental Protection: From Red to Green in Poland (Macmillan and St. Martinrsquo;s, 1998) , received the prestigious AAASSOrbis Polish Book Prize in 1999. Another book, Pollution and Property: Comparing Ownership Institutions for Environmental Protection (Cambridge University Press 2002), will be published in Chinese translation in 2010. Professor Cole serves on the Editorial Boards for the Journal of Benefit-Cost Analysis and a law book series at Ashgate Press. Professor Cole is a Life Member of Clare Hall (College for Advanced Study), Cambridge, and has served as a Visiting Scholar in the Faculties of Law and Land Economy at the University of Cambridge. In the Fall of 2001, Professor Cole was the John S. Lehmann Distinguished Visiting Professor of Law at Washington University in St. Louis. Before moving to Indianapolis, Professor Cole was an Instructor-in-Law at Stanford Law School. Professor Cole received his JD, cum laude , with Certificate in Environmental and Natural Resources Law, from the Northwestern School of Law of Lewis Clark College. He holds JSM (1991) and JSD (1996) degrees from Stanford University.

Peter Z. Grossman

Peter Z. Grossman is a member of the faculty at Butler University.

Product Information
Second Edition
Publication date
Economics and the Law
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