What Does Economics Have to Do With Law?

A legal system is, among other things, a system of incetivs. And if it's in your interest to do something other than what we want you to do, maybe you've got the all rong. So that's looking at it in terms of,. what are the incentives this law gives people - and that turns out to be a fairly powerful set of tools. One way in which it gets used tough not the only way inwhich it can be used was to say, suppose you wanted to construct legal rules that maximized economic efficiency.