Paper's abstract

Laure Bazzoli & Thierry Kirat, Two non-Hayekian Views on Efficiency and Selection of Legal Rules : Institutional Economics and the Economic Approach to Law
Alternative views to those provided by F. Hayek on the selection of legal rules can be investigated. This article is devoted to a rough examination and comparison of two academic streams in Economics : the Old Institutionalism advocated by John R. Commons and the post-Coasian Law and Economics. These streams are compared on the main focuses they both stress : the relationships between Law and Economics, the sources, nature and significance of legal rules, the logic underlying the process of institutional evolution.

Key Words : economy, Commons, Coase
t. 42, 1998, p. 257-283