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Social Norms, Social Meaning, and Economic Analysis of Law: A Comment

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  • Posner, Richard A

Abstract

This commentary on the papers given at the Conference on Social Norms, Social Meaning, and the Economic Analysis of Law at the University of Chicago Law School summarizes and criticizes the papers briefly; emphasizes the promise of signaling theory, as illustrated by several of the papers, to cast new light on social interactions, norms, and law; invites attention to the importance of selection phenomena in the operation of norms; underscores the compatibility of economic analysis of law with economic analysis of norms; questions the utility of "social meaning" as an analytic category; and denies that norms analysis constitutes a "paradigm shift" in the economic approach to law and social control. Copyright 1998 by the University of Chicago.

Suggested Citation

  • Posner, Richard A, 1998. "Social Norms, Social Meaning, and Economic Analysis of Law: A Comment," The Journal of Legal Studies, University of Chicago Press, vol. 27(2), pages 553-565, June.
    • Handle: RePEc:ucp:jlstud:v:27:y:1998:i:2:p:553-65
    DOI: 10.1086/468034
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    Cited by:

    1. Natalia Pavlova & Andrey Shastitko, 2014. "Effects Of Hostility Tradition In Antitrust: Leniency Programs And Cooperation Agreements," HSE Working papers WP BRP 58/EC/2014, National Research University Higher School of Economics.
    2. Etienne Pfister & Bruno Deffains & Myriam Doriat-Duban & Stéphane Saussier, 2006. "Institutions and contracts: Franchising," European Journal of Law and Economics, Springer, vol. 21(1), pages 53-78, January.
    3. Kyung Hwan Baik & In‐Gyu Kim, 2007. "Strategic Decisions On Lawyers’ Compensation In Civil Disputes," Economic Inquiry, Western Economic Association International, vol. 45(4), pages 854-863, October.
    4. Shastitko, Andrey, 2014. "Effects of the Third Party Errors," Published Papers re9021, Russian Presidential Academy of National Economy and Public Administration.
    5. Craig A. Depken & Peter A. Groothuis & Mark C. Strazicich, 2020. "Evolution Of Community Deterrence: Evidence From The National Hockey League," Contemporary Economic Policy, Western Economic Association International, vol. 38(2), pages 289-303, April.
    6. Irlenbusch, Bernd, 2004. "Relying on a man's word?: An experimental study on non-binding contracts," International Review of Law and Economics, Elsevier, vol. 24(3), pages 299-332, September.
    7. Robert McGee, 2010. "Analyzing Insider Trading from the Perspectives of Utilitarian Ethics and Rights Theory," Journal of Business Ethics, Springer, vol. 91(1), pages 65-82, January.
    8. Bohnet, Iris & Cooter, Robert, 2001. "Expressive Law: Framing or Equilibrium Selection?," Berkeley Olin Program in Law & Economics, Working Paper Series qt5h6970h8, Berkeley Olin Program in Law & Economics.
    9. Manu Raghav, 2006. "Why do budgets received by state prosecutors vary across districts in the United States?," CAEPR Working Papers 2006-018, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    10. Christian Schubert, 2006. "Fairness in Urban Land Use: An Evolutionary Contribution to Law & Economics," Papers on Economics and Evolution 2005-22, Philipps University Marburg, Department of Geography.
    11. J. Mark Ramseyer, 2014. "Litigation and Social Capital: Divorces and Traffic Accidents in Japan," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 11(1), pages 39-73, March.
    12. Joerg-Markus Hitz, 2007. "The Decision Usefulness of Fair Value Accounting - A Theoretical Perspective," European Accounting Review, Taylor & Francis Journals, vol. 16(2), pages 323-362.
    13. Brooks, Robert & Davidson, Sinclair & Faff, Robert, 2003. "Sudden changes in property rights: the case of Australian native title," Journal of Economic Behavior & Organization, Elsevier, vol. 52(4), pages 427-442, December.
    14. Michael Litschka & Kristoffel Grechenig, 2010. "Law by human intent or evolution? Some remarks on the Austrian school of economics’ role in the development of law and economics," European Journal of Law and Economics, Springer, vol. 29(1), pages 57-79, February.
    15. Teppo Felin & Peter T. Leeson & Christopher J. Coyne, 2012. "Wisdom, Alterability, and Social Rules," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 33(5-6), pages 441-451, July.

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