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Encyclopedia > William Landes

William M. Landes is an economist who has written widely about the economic analysis of law. Paul Samuelson, Nobel Prize in Economics winner. ...


Landes received his Ph.D. in Economics from Columbia University. He taught in the Economics Departments of Stanford University, Columbia University, the Graduate Center of the City University of New York and The University of Chicago before joining the faculty of the University of Chicago Law School. Doctor of Philosophy (Ph. ... Columbia University is a private university whose main campus lies in the Morningside Heights neighborhood of the Borough of Manhattan in New York City. ... Stanford redirects here. ... The City University of New York (CUNY; acronym: IPA pronunciation: ), is the public university system of New York City. ...


Prof. William M. Landes is also a board member of the Smart Museum of Art, which is located in the University of Chicago's Hyde Park Campus. The Elizabeth & William M. Landes Gallery within the Smart Museum of Art features works created between the 1880s and the late 1950s.


Landes has a longstanding collaborative relationship with Richard Posner. Richard A. Posner Richard Allen Posner (born January 11, 1939 in New York City) is currently a judge on the United States Court of Appeals for the Seventh Circuit. ...


Landes is also considered to be one of the most fashionable and best dressed professors in the United States.[citation needed]


Selected bibliography

The Economic Structure of Intellectual Property Law (Harvard Univ. Press 2003) (with Richard A. Posner).


"The Economics of Legal Disputes Over The Ownership of Works of Art and Other Collectibles, " in Essays in the Economics of the Arts, V. A. Ginsburgh & P.-M. Menger, eds. (Elsevier Science, 1996) (with Richard A. Posner).


The Economic Structure of Tort Law, (Harvard Univ. Press 1987) (with Richard A. Posner).


"Causation in Tort Law: An Economic Approach," Journal of Legal Studies (January 1983) (with Richard A. Posner).


"An Economic Theory of Intentional Torts," International Review of Law and Economics (December 1981) (with Richard A. Posner).


"The Positive Economic Theory of Tort Law," Georgia Law Review (Summer 1981) (with Richard A. Posner).


Essays in the Economics of Crime and Punishment, (National Bureau of Economic Research 1974)(edited with Gary S. Becker).


External links


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Copyright (18235 words)
Landes' and Posner's choices are tied to their assumptionof risk neutrality; this is not a purely descriptive or simplifying assumption,but one which is convenient to their political agenda and to the particularconclusions they would like to reach.
Landes and Posner try to avoid this conclusion in two ways.First, contrary to their habit in other cases, they do not take the appellatecourt's discussion of the facts at face value, but instead read the lowercourt's opinion to state that there was a prevailing custom to carry radios onboard tugboats (p.
Landes andPosner argue that, on the contrary, "there is no increase in value in therape case because it is not the kind [*1474] of coercive act thatimproves the operation of the market, as the theft [of food] from [a deserted]cabin does" (p.
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