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Law and Economics Discovers Social Norms
Open accessAbstract
Although Ronald Coase, Guido Calabresi, Richard Posner, and the other founders of classical law and economics accomplished much, they exaggerated the role of law in the overall system of social control and, conversely, underestimated the importance of socialization and the informal enforcement of social norms. They also implicitly placed too much stress on individuals' hunger for material, as opposed to status, rewards. The upsurge in the 1990s of scholarly interest in socialization, norms, and status does not threaten the demise of classical law and economics but rather promises to enrich it.
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Citations
Cited by
TESTING ENFORCEMENT STRATEGIES IN THE FIELD: THREAT, MORAL APPEAL AND SOCIAL INFORMATION
Fellner, G., Sausgruber, R., & Traxler, C. (2013) · Journal of the European Economic Association · doi:10.1111/jeea.12013 · Cited by 370
Benabou, R., & Tirole, J. (2011) · doi:10.3386/w17579 · Cited by 227
Metadata
- Authors
- Ellickson, R. C.
- Venue
- The Journal of Legal Studies
- Publisher
- University of Chicago Press
- Published
- 1998-06
- Volume
- 27
- Issue
- S2
- Pages
- 537-552
- ISSN
- 0047-2530 (ISSN-L)
- 1537-5366
- OpenAlex
- W2024114878
- Cited by
- 205
- References
- 0
- FWCI
- 12.39
- Type
- journal article
- Language
- en
- Open access
- green
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
