Summary
A leading scholar of the economics and jurisprudence of contract law, Richard Craswell works at the intersections of law and economics and law and philosophy. He is an expert in all aspects of commercial law, including commercial paper and secured credit, as well as in antitrust and consumer protection law. Professor Craswell was an academic associate dean at Stanford Law School from 1999 to 2001. Before joining the Stanford Law School faculty in 1998, he was a professor at the University of Chicago Law School, and the University of Southern California School of Law, where he was an associate dean. Upon completion of his law degree, he was an attorney with the U.S. Federal Trade Commission in the Office of Policy Planning and the Bureaus of Competition and Economics.
| Current Institution | Stanford University |
| Current School | Stanford Law School |
| Department | Law |
| Disciplines | |
| Address | 559 Nathan Abbot Way Stanford California 94305-8610 United States Phone: (650) 725-8542 |
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University of Chicago
Law School
J.D.
(1974 - 1977)
Michigan State University
M.A.,
Economics
(1971 - 1974)
Publication Summary
Contract Law and Theory
- “In That Case, What is the Question? Economics and the Demands of Contract Theory,” Yale Law Journal, vol 112, no 4 (2003), pp 903–24 [response to Eric A. Posner, “Economic Analysis of Contract Law After Three Decades: Success or Failure?” 112 Yale L.J. 829 (2003).]
- “How We Got This Way: Futher Thoughts on Fuller and Perdue,” Issues in Legal Scholarship, vol 1, issue 1 (Berkeley Electronic Press, 2001), http://www.bepress.com/ils/default/vol1/iss1/art2 [symposium on Fuller and Perdue’s The Reliance Interest in Contract Damages].
- “Two Economic Theories of Enforcing Promises,” in Peter Benson, ed., The Theory of Contract (Cambridge: Cambridge University Press, 2001), pp 19¤44.
- “The Sound of One Form Battling,” Michigan Law Review, vol 98, no 8 (August 2000), pp 2727¤37 [symposium on empirical scholarship and commercial law].
- “Do Trade Customs Exist?” in Jody S. Krauss & Steven D. Walt, eds., The Jurisprudential Foundations of Corporate and Commercial Law, pp 118¤48 (Cambridge: Cambridge University Press, 2000).
- “Against Fuller and Perdue,” University of Chicago Law Review, vol 67, no 1, pp 99¤161 (Winter 2000).
- “Freedom of Contract,” in Eric Posner, ed., Chicago Lectures in Law and Economics, pp 81¤99 (New York: Foundation Press, 2000).
- “Contract Law: General Theories,” in Boudwewijn Bouckaert & Gerrit DeGeest, eds., Encyclopedia of Law & Economics, vol 3, pp 1¤24 (Cheltenham, U.K.: Edward Elgar Publishing, 2000). Also published in an on-line edition at http://allserv.rug.ac.be/~gdegeest/4000book.pdf
- “Offer, Acceptance, and E{cient Reliance,” Stanford Law Review, vol 48, no 3 (February 1996), pp 481¤553.
- “Remedies When Contracts Lack Consent: Autonomy and Institutional Competence,” Osgoode Hall Law Journal, vol 33, no 2 (Summer 1995), pp 209¤35 [symposium on Michael J. Trebilcock, The Limits of Freedom of Contract].
Contract Law and Theory (Continued)
- Foundations of Contract Law (with Alan Schwartz, co-editor). New York: Foundation Press, 1994.
- “Property Rules and Liability Rules in Unconscionability and Related Doctrines,” University of Chicago Law Review, vol 60, no 1 (Winter 1993), pp 1¤65.
- “The Relational Move: Some Questions from Law and Economics,” Southern California Interdisciplinary Law Journal, vol 3, no 1 (Fall 1993), pp 91¤114 [symposium on default rules and contractual consent].
- “Default Rules, E{ciency, and Prudence,” Southern California Interdisciplinary Law Journal, vol 3, no 1 (Fall 1993), pp 289¤302 [symposium on default rules and contractual consent].
- “E{ciency and Rational Bargaining in Contractual Settings,” Harvard Journal of Law & Public Policy, vol 15, no 3 (Summer 1992), pp 805¤37 [symposium on Jules L. Coleman, Risks and Wrongs].
- “Insecurity, Repudiation and Cure,” Journal of Legal Studies, vol 19, no 2 (June 1990), pp 399¤434.
- “Contract Law, Default Rules, and the Philosophy of Promising,” Michigan Law Review, vol 88, no 3 (December 1989), pp 489¤529. Reprinted in Larry Alexander, ed., Contract Law, vol 1 (New York: New York University Press, 1991).
- “Performance, Reliance, and One-Sided Information,” Journal of Legal Studies, vol 18, no 2 (June 1989), pp 365¤401.
- “Precontractual Investigation as an Optimal Precaution Problem,” Journal of Legal Studies, vol 17, no 2 (June 1988), pp 401¤36.
- “Contract Remedies, Renegotiation, and the Theory of E{cient Breach,” Southern California Law Review, vol 61, no 3 (March 1988), pp 629¤70. Reprinted in Brian Bix, ed., Contract Law, vol 1 (Aldershot, UK: Ashgate Publishing, forthcoming 2001).
Law and Economics Generally
- “Instrumental Theories of Compensation: A Survey,” San Diego Law Review, vol 40, no 4 (Fall 2003), pp 1135–1180.
- “Kaplow and Shavell on the Substance of Fairness,” Journal of Legal Studies, vol 32, no 1 (January 2003), pp 245–75 [Symposium on Louis Kaplow & Steven Shavell, Fairness versus Welfare (2002).]
- “Deterrence and Damages: The Multiplier Principle and its Alternatives,” Michigan Law Review, vol 97, no 7 (June 1999), pp 2185¤2238.
- “Incommensurability, Welfare Economics, and Law,” University of Pennsylvania Law Review, vol 146, no 5 (June 1998), pp 1419¤64.
- “Damage Multipliers in Market Relationships,” Journal of Legal Studies, vol 25, no 2 (June 1996), pp 463¤92.
- “On the Uses of ‘Trust,’ ” Journal of Law & Economics, vol 36, no 1 (part 2) (April 1993), pp 487¤500 [comments on Oliver E. Williamson,
- “Calculativeness, Trust, and Economic Organization”].
- “Passing On the Costs of Legal Rules: E{ciency and Distribution in Buyer-Seller Relationships,” Stanford Law Review, vol 43, no 2 (January 1991), pp 361¤98.
- “Deterrence and Uncertain Legal Standards” (with John E. Calfee), Journal of Law, Economics, & Organization, vol 2, no 2 (Fall 1986), pp 279¤303.
- “Some E<ects of Uncertainty on Compliance with Legal Standards” (with John E. Calfee), Virginia Law Review, vol 70, no 5 (June 1984), pp 965¤1003. Reprinted in Jules Coleman & Je<rey Lange, eds., Law and Economics, vol 1 (New York: New York University Press, 1992).
Advertising and Trade Regulation
- “Compared to What? The Use of Control Ads in Deceptive Advertising Litigation,” Antitrust Law Journal, vol 65, no 3 (Spring 1997), pp 757¤91.
- “Regulating Deceptive Advertising: The Role of Cost-Bene=t Analysis,” Southern California Law Review, vol 64, no 3 (March 1991), pp 549¤604.
Advertising and Trade Regulation (Continued)
- “Predatory Pricing Theory Applied: The Case of Supermarkets vs. Warehouse Stores” (with Mark R. Fratrik), Case Western Reserve Law Review, vol 36, no 1 (1985¤86), pp 1¤49.
- “Interpreting Deceptive Advertising,” Boston University Law Review, vol 65, no 4 (July 1985), pp 657¤732.
- “Tying Requirements in Competitive Markets: The Consumer Protection Issues,” Boston University Law Review, vol 62, no 3 (May 1982), pp 661¤700.
- “The E{cient Regulation of Consumer Information” (with Howard Beales & Steven C. Salop), Journal of Law & Economics, vol 24, no 3 (December 1981), pp 491¤539. Excerpted in A.I. Ogus & C.G. Veljanoski, eds., Readings in the Economics of Law and Regulation (Oxford: Clarendon Press, 1984).
- “The Identi=cation of Unfair Acts and Practices by the Federal Trade Commission,” Wisconsin Law Review, vol 1981, no 1, pp 107¤53.
- “Information Remedies for Consumer Protection” (with Howard Beales & Steven C. Salop), American Economic Review, vol 71, no 2 (May 1981, Papers & Proceedings), pp 410¤14.
Student Papers
- Comment, “Federal Prosecution for Local Vote Fraud,” University of Chicago Law Review, vol 43, no 3 (Spring 1976), pp 542¤72.
- Note, “Self-Generating Growth in Public Programs,” Public Choice, vol 21 (1975), pp 91¤97.
Comic Verse
- “Ballad of Regulatory Reform,” The Green Bag (2d Series), vol. 1, no. 2 (1998), pp 221¤22.
- “On the Importance of Lawyers,” The Green Bag (2d Series), vol. 1, no. 2 (1998), pp 223¤24.
Comic Verse (Continued)
- “Ballade of Distributional Considerations,” Journal of Legal Education, vol 39, no 1 (March 1989), p 54.
- “On Publishing Comic Verse in Law Reviews: A Manual of Style,” Journal of Legal Education, vol 38, no 3 (September 1988), p 359.
- “Pæan to Critical Legal Studies,” Journal of Legal Education, vol 38, no 1¤2 (March/June 1988), p 209.
- “The Golden Age of Law,” Journal of Legal Education, vol 38, no 1¤2 4 (March/June 1988), p 210.
Books
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