Abstract
One has to be impressed by the volume of research produced in the last fifteen years that has applied economics to analyze legal issues-in particular, the subjects of torts and crimes. The nature of the inquiry has been diverse. It has included normative analysis of the implications that economics has for the design of a particular rule of law' as well as positive analysis, using economic arguments, of why the common law has taken the form it has.2 The economic approach has featured both theoretical analysis3 and empirical work4 on legal issues. The literature has developed not only in publications explicitly devoted to law and economics5 but in law reviews and leading economics journals as well. Volumes have been produced that provide comprehensive
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