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Economic Foundations of Law and Organization

Economic Foundations of Law and Organization. By Donald Wittman. Cambridge: Cambridge University Press, 2006. 390 pp. $75.00, ISBN 0-521-85917-4 (cloth); $29.99, ISBN 0-521-68524-9 (paper).

A new law-and-economics textbook aimed at undergraduate students is always welcome, and it was in this spirit that I eagerly awaited Donald Wittman's Economic Foundations of Law and Organization. But this book is more than a law-and-economics text in many ways-and less, in others.

The first clue is the title-specifically, the presence of the word "organization." This book could have easily been subtitled The Contributions of Ronald Coase, for it is Coase's transaction cost analysis that unifies nearly ...

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