Variety of Options for the Economic Analysis of Law as a Prerequisite for the Integration of the Methodology of Economic Theory and Jurisprudence

Abstract

One of the brightest and most successful phenomena in the social sciences of the XX century was the school of the economic analysis of law originated at the University of Chicago (USA), which founder is considered to be R. Posner. Scientists who have made a significant contribution to the development of economic analysis of law, repeatedly became winners of the Nobel Prize in economics (M. Friedman (1976), J. Stigler (1982), R. Coase (1991), G. Becker (1992) D. North and R. Fogel (1993), D. Nash (1994)). At the same time the integration into the jurisprudence of research methodology used by them is facing with charges of its own internal heterogeneity and contradictoriness. However, in this exact right economy pluralism not its defect but rather its dignity is rooted, allowing law of each country, as an element of internal culture, to integrate into its system of scientific knowledge the very version of the economic analysis of law, which is most appropriate to the given conditions, sticking at the same time to the context of today's global science of an interdisciplinary paradigm. This article provides an review of the most relevant and important branches of economic analysis of law through the perspective of their applicability in the context of continental legal systems. DOI: 10.5901/mjss.2015.v6n6p115