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

Richard Posner

The Journal of Legal Studies, 1998, vol. 27, issue 2, 553-65

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.

Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ucp:jlstud:v:27:y:1998:i:2:p:553-65

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