The Use of Economic Analysis in Court Judgments: A Comparison between the United States, Australia and New Zealand
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[Article]
First Statement of Responsibility
Kendall, Keith
SUMMARY OR ABSTRACT
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As a theoretical paradigm, the use of economics has dominated legal analysis both in academia and the courts in the United States for the last three decades. This popularity, though, does not extend to most other jurisdictions. Judge Richard Posner, one of the pioneers of the law and economics movement, developed a model comparing the structures of the legal profession in the United States, the United Kingdom, and continental Europe to explain the lack of the use of law and economics in the latter two regions compared with the United States.