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One calls Law and Economics a certain branch of the right theory/philosophy of law. It developed in the course 20. Century in the USA, where Law and Economics represents meanwhile one of the most influential currents. It spread in addition, in other anglo-saxon and continental-European countries within the rechtswissentschaftlichen research. Also in Germany a ever larger circle of jurisprudence-learn with Law Economics are occupied and. Richard Posner is considered as one the founder of this system of thought. Wegbereiter were also famous economists like e.g. Ronald Coase. Meanwhile the complexity grew within this system enormously, numerous theories developed.
As the most important principle of Law and Economics can be called striving for "efficiency" in the right. Economic analysis, theory and methodology are used for considerations over optimal legislation and juridical systems. The economic consequences and following costs are considered as the most important yardstick to the examination of laws and organisational structures in the right.
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