Abstract
Economic analysis, a frequent component of modern legal decisionmaking, has recently undergone substantial methodological changes. A majority of economists have adopted a physical science-like methodology, often without acknowledging the limits of that approach in public policy analysis. The most vocal of these economists—the "Chicago School"—attempt to represent an ideology-based paradigm as scientific truth. This Article analyzes the Chicago-style law and economics paradigm in the context of labor law and policy. It compares the Chicago approach to the institutionalist perspective in which the political economy is studied as a social science. It concludes that institutional methodology more closely parallels the methodology of legal analysis than the Chicago-style approach.
How to Cite
35 Ariz. L. Rev. 397 (1993)
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