Today's Legal theory Lexicon is about the "reasonable person." The notion of a "reasonable person" usually makes its first appearance in the Torts course. The context, of course, is the tort of ...

This week the Legal Theory Lexicon investigates the Coase theorem. Ronald Coase is a member of the law and economics faculties at the University of Chicago and a winner of the Nobel Prize in Economics ...

If I had to select only one theoretical tool for a first-year law student to master, it would be the ex post/ex ante distinction. (Of course, this is cheating, because there is a lot packed into the ...