This book introduces students to all aspects of the economic analysis of the law and law and economics, illustrating its analysis with a wealth of real world case studies and examples. With no prior knowledge of law required, the author presents the impact of economic thinking on all the major areas: tort law, contracts, civil law, property law, real estate law, criminal law, taxation and corporate law.Amongst the real world applications can be counted the proposed market for human organs, bail bonds, the effects of Megan's law in the United States and racial profiling.New to this second edition are sections devoted to family law, labor law, creditors' rights (bankruptcy), and food and drug regulation. The book is also suitable for an international audience in that it draws in examples from a range of countries.